Sneakerhead Supply
Sneakerhead Supply & Demand Argumentative EssayThis week we are studying the principles of supply and demand through the lens of the Sneakerhead market. For the uninitiated, a Sneakerhead is someone who collects sneakers as an investment where they buy vintage or rare sneakers and hope their value increases so they can cash in and make a profit.This week you will do some research on the comic book and sneakers collectors market and prepare yourself to write an argumentative essay where you argue about this question:Will the Sneakerhead market collapse one day like the comic book market did in 1993?Use the following sources to help you researchComicbook Reading: The Crash of 1993https://www.pdf.investintech.com/preview-frames.phpid=WGMxUkVjRVMxVTZqTTBFZ25yOFhwbEY0SWZDNmlCbERtZE1xVGRSWkdlY2s3c3BDUGRvMFU3RU0wZ2o4UlhyNzFBbnpsRXFraGFNlQzRno2OXd0bU1oZ3dmakU3M3I3SnpKSEpiYUc1UzQ3bG9YSDllMHkxWXpVZG9jdzNZUWY=[We will be reading this during live instruction]Josh Luber Ted Talk https://www.ted.com/talks/josh_luber_why_sneakers_are_a_great_investment[We will watch this during live instruction]PBS News Sneakerheads Reporthttps://www.youtube.com/watch?v=SmcPr42VeVk[Watch on your own]NY Times: How Much Is That Sneaker in the Window?https://www.nytimes.com/2018/05/12/business/how-much-is-that-sneaker-in-the-window.html[Read on your own]Guidelines:Your essay should have at least 3 paragraphs including an introduction and a conclusion.Please make sure you address the following questions in your argument:How were the concepts of supply and demand misjudged in the comic book market?How might Nikes influence over the Sneakerhead market prevent what happened to the comic book market?
