In this chapter you have read about the economic concept of demand. Demand refers to the desire, willingness, and ability to buy a good or service. For some goods demand is high at particular times of the year. Businesses try to anticipate demand and produce the goods that consumers want. Sometimes they are unsuccessful. In this activity you will take a closer look at what happens when demand spirals out of control.
Destination Title: The Financial Pipeline
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Start at the Financial Pipeline’s home page.
- Scroll down and click on Investor’s Corner.
- Scroll down to “1996 Articles.”
- Click on What Does the “Tickle Me Elmo” Craze Tell Us About Economics and the Economy?
- Read the Financial Pipeline’s analysis of the “Tickle Me Elmo” craze.
After you have read through this article answer the questions below.