Wisconsin fox farm 1937
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University
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Practice Problem
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Hard
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The video discusses a major auction event in America, highlighting the record-breaking scale and the international demand for silver parts. It covers the dynamics of supply and demand in 1937, with a focus on the American market where Wisconsin Silver fox breeders auctioned 8000 pelts. The auction process is described, including the unique bidding signals used by buyers. Prices for various items are mentioned, showcasing the high value of the auctioned goods.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the significance of the demand for skins in relation to the supply for 1937?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How did the auction attract buyers from various locations?
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