Question
video link is here https://vimeo.com/107621313 You will watch the video Supply and Dance, Man! As you watch the video, think about the questions listed below.
video link is here https://vimeo.com/107621313
You will watch the video "Supply and Dance, Man!"
As you watch the video, think about the questions listed below.
What is the definition of a market?
What is a market force?
How does the consumer interest in the canes start?
What makes the price go up initially?
What is Kristen and Jonathan's motivation for ordering more canes?
What are the factors that cause the price of the canes to continue to go up?
What causes the surplus?
How does the surplus affect the cost of the canes?
What are the factors that cause the price of the canes to continue to go down?
What is equilibrium?
Then, you will create comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using the example of selling canes.
In your comic/visual art representation, you should invent a fictitious business and show how the business's success shifts with supply and demand.
Include as many details as possible, including the name of the business, description of the business, the cost of the good or service that the business provides, ideas for increasing demand (sales, promotions, advertising, etc.).
Make sure to include at least 5 vocabulary terms.
Make sure to write brief narrative that corresponds with your visual art.
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