Sneaker-nomics: Supply-and-Demand Economics in the Basketball Footwear Industry Quiz

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  1. Based on the context of the first paragraph, what might be a good definition of the word cachet? [1]
  2. What types of consumers (buyers) have not bought the Curry Two? How is this different than the consumers of other NBA players’ signature shoes? [1]
  3. What probably happens to the price of basketball sneakers when many people want them? Why? [1]
  4. What is the relationship between the basketball sneaker market and supply-and-demand economics. [1]
  5. What can sneaker companies do to increase demand for their products? [1]
  6. Would you prefer for your local sneaker store to have a scarcity or surplus of your favorite sneaker? Why? [1]
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