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Furry Mania

Remember “Furby,” that strange furry toy from 1998? According to Wikipedia, Furbies originally sold for $35 each. However, they were so in-demand during the 1998 holiday season that they often resold for over $300. Today, you can buy a 1998 Furby for less than $15! Why? Complete the Supply and Demand Worksheet to find out! Before you start the Supply and Demand Worksheet, make sure you are familiar with the following terms and concepts: Economics concepts: Supply and demand graphs Surplus and shortage Equilibrium point Shifts vs. movements Finance concepts: The present value of money Stocks vs. bonds
Remember “Furby,” that strange furry toy from 1998? According to Wikipedia, Furbies originally sold for $35 each. However, they were so in-demand during the 1998 holiday season that they often resold for over $300.
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Assignment ID
46136
Discipline
Type
CREATED ON
October 3, 2016
COMPLETED ON
October 5, 2016
Price
$40
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