Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: One man had 302 grams of gold dust pasted into his pants worth about $20,000, authorities in one of the world’s biggest gold markets said Source: MarketWatch.com

Date: Sep 01, 2021
Link: https://www.marketwatch.com/story/customs-officials-in-india-find-smuggled-gold-in-hair-underwear-shoes-and-even-knitted-into-handbags-11630416761?cx_testId=22&cx_testVariant=cx_1&cx_artPos=9&mod=home-page-cx#cxrecs_s

Questions for discussion: 

  • What does this report teach about pricing as it relates to the forces of supply and demand?
  • Why would the Indian government restrict the import of gold?
  • How would you expect consumers and businesses using gold more production to respond to higher gold prices?

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