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Beanie Baby Prices Soar
Source: Council for Economic Education (EconEdLink) | Type: Lesson

During December 1997, The Washington Post published an article about the debut of the Princess Beanie Baby. A Beanie Baby retailer, interviewed by the Post, indicated there was strong demand for the new stuffed animal.

Grades:

• 3-5
• 6-8

Concepts:

• Quantity Demanded
• Quantity Supplied
• Supply

Standards:

• Economics 7: Markets - Price and Quantity Determination
• Economics 8: Role of Price in Market System

Related Resources:

• NOT your Grandma's Lemonade Stand
• What Do People Want to Wear?
• Collecting for Fun . . . and Profit?

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