CLEAN : 'More demand and less quantity': US car seller on record inflation

CLEAN : 'More demand and less quantity': US car seller on record inflation

Assessment

Interactive Video

Business, Economics, Social Studies

9th - 10th Grade

Hard

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The video discusses the impact of inflation and COVID-19 on the vehicle market, highlighting the basic economic principles of supply and demand. It explains how the pandemic has shifted consumer preferences towards personal vehicles, leading to increased demand and limited supply. The video also analyzes market trends, including the resale value of cars, and the challenges faced by dealers and wholesalers in acquiring vehicles.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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