Fish worth 70kg of gold: Sushi king shells out $3.1 million for ‘tasty’ tuna

Welcome back everyone. Here is an interesting news story about a big fish! Click here to access. Lots of economics here. Questions for discussion:

1. Why was the fish so expensive?

2. What does article suggest about price elasticity of supply of tuna?


3. How will the purchaser make his money back from his investment
& why will it work?

Brexit and turkeys for xmas!

Interesting piece in the Guardian this weekend about the impact Brexit is having on Turkey prices. Click here for the article.

Issues to consider:

What has been causing this price rise?
Can you draw a diagram to show this.
Will people still buy turkeys for xmas? If so, why?
Will there be an impact on other goods & services bought at xmas?

Lego - Supply issues

It has been an interesting week for Lego. For the first time i 13 years, they have seen a fall in sales for their bricks. Click here to read BBC article.

Useful when discussing supply & demand.

MCQ Practice questions - Suuply & Demand

Have a go at these 3 questions - Useful for everyone, including Y10 & Y11.