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- Clip URL: https://criticalcommons.org/view?m=K5nu2h8cx
- Course Classification: Microeconomics, Industrial Organization.
- Concepts: Price elasticities, supply and demand, First-degree price discrimination.
- Background: Sergey needs a ride out from the quarantine zone after getting his family in Moscow. He only has one option. It is to convince the truck driver to stay and wait 15 minutes.
- Question: Draw a supply and demand graph representing this situation, and explain the shape of the supply and demand curves in words. Discuss why Sergey ends up giving all the money he has.
[tabby title=”Lupin Clip #3″ icon=”film”]
- Clip URL: https://criticalcommons.org/view?m=DOrqvguqW
- Concepts: Price discrimination, price strategies
- Background: When Assane was a teenager, Claire needed a violin for her recital. To rent a violin for one day, it would cost 350 francs, or 1,500 francs for one week.
- Question: Why is the owner offering to rent the violin for a week for less than 2,450 francs (350 x 7 )?
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