Console Commerce Crunch

Worksheet Description

This worksheet titled “The Video Game Store” puts students in charge of managing a virtual video game store to explore the concepts of supply and demand. Through a series of questions, students reflect on situations such as selling out inventory quickly, receiving additional stock, the impact of new game releases, and the effects of promotional discounts on demand. The worksheet uses the context of a video game store – a familiar and engaging topic for many students – to simulate real-world business scenarios. By responding to the questions, students will think critically about how different business decisions affect supply and demand for products in the store.

“The Video Game Store” worksheet aims to teach students about economic principles by applying them to a scenario they can easily understand and find interesting. It guides students through the practical implications of supply and demand fluctuations, price adjustments, and marketing strategies. The worksheet also prompts students to consider the effects of technological advancements on product demand. Overall, the goal is to help students grasp how supply and demand can impact business decisions and learn to strategize accordingly to meet market needs effectively.