Inflation Is Driving Secondhand Markets Out Of Control, Here’s Why: Introduction

The video discusses the Rolex Daytona 116500, a luxury watch that is difficult to purchase due to its scarcity. The teacher challenges students to try buying the watch, highlighting the economic phenomenon where certain consumer goods are theoretically for sale but rarely available. This scarcity is not due to temporary supply chain issues but is a long-standing market strategy. Companies could charge more but choose not to, as this scarcity creates a high demand and resale value, illustrating a unique economic logic.

What nickname is given to the Rolex Daytona 116500?

• The Tiger

• The Panda

• The Lion

• The Eagle

What is the estimated retail price range for the Rolex Daytona mentioned in the video?

• $5,000 to $7,000

• $10,000 to $12,000

• $13,000 to $15,000

• $20,000 to $25,000

What is the potential profit from reselling the Rolex Daytona at a markup?

• $5,000 to $10,000

• $35,000 to $40,000

• $15,000 to $20,000

• $25,000 to $30,000

Why is it almost impossible to buy the Rolex Daytona at retail price?

• Limited production and high demand

• Excessive marketing restrictions

• Lack of authorized dealers

• High import taxes

Why don't companies raise prices on high-demand items like the Rolex Daytona?

• Because of production costs

• To maintain brand exclusivity

• Due to government regulations

• To avoid customer complaints