Watch the sequence of a movie: https://www.youtube.com/watch?v=Ng3XHPdexNM (Hudsucker Proxy, The (1994) Scene on Youtube)
Using supply and demand vocabulary and concepts, describe in a paragraph what is happening in the market by responding to the following questions:
1. What market was the producer trying to penetrate when sold the hula hoop idea to the store owner?
2. Why the store owner had to offer the hula hoop for free? Explain.
3. Identify the determinant or determinants that made the children like the hula hoops.
4. What law studied in the supply and demand topic would affect the sales of hula hoops due to what happened to prices in the movie?
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Using supply and demand vocabulary and concepts, describe in a paragraph what is happening in the market by responding to the following questions: