Certainly not Dinky prices
Read the article Dinky toy van fetches £6,400 in furious bidding at auction (you can do this in the window below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.
You may also like to read the following articles to support your answers to the questions below:
Question 1
Distinguish between price and income elasticity
Question 2
Explain how sale of Dinky toys at auction is an excellent representation of the supply and demand process in establishing price.
Question 3
Examine the role of branding in the toy market.
Question 4
Auction prices have fallen in the last few years. Discuss the role of the external environment in setting prices across an economy.