Supply and DemandWhy prices move, explained without a single graph.6th GradeDEMANDHow much people want to buyRises when price fallsRises with fashion or needHigh demand, limited supply →price upLow demand → price down orunsoldSUPPLYHow much producers makeavailableRises when price risesLimited by resources and costHigh supply, low demand → pricedownShortage → price upTHE DIFFERENCE THAT MATTERSPrice settles where what people will pay meets what producers willaccept. Change either side and the price moves.Strawberries are cheap in summer because supply is high. In winterit is the opposite.Supply and Demandwww.littleactivity.com

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Social Studies · 6th Grade

Supply and Demand

Why prices move, explained without a single graph.

How to use it

Watch the price of something seasonal over a year. The theory is visible in a supermarket.

Free · print-ready PDF · US Letter and A4

Grade
6th Grade
Ages
11–12
Subject
Social Studies
Pages
1

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