How Prices Are Set

Mission Brief #84

🎯 Your mission

Follow the money. Then follow the choices.

⚡ The twist

Money is just a story everyone agrees to believe.

Read

Prices are determined by supply and demand. When many people want the same scarce product, prices rise. Competition among sellers can bring prices down.

Key facts

Remember these

1Money is a medium of exchange.
2Needs are different from wants.
3Supply and demand affect prices.

Then & Now

💱 This is happening in your local store every single day.

Question 1 of 2

What is trade?

How sure?😐 maybe

Question 2 of 2

What is an opportunity cost?

How sure?😐 maybe

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You got 0 of 2 right.

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✨ More to explore

🌍 Why this still matters: The next time you spend $1, ask: who else benefited besides you?

🏆 Try this week: Find two products that look similar but cost very different. Why?

👨‍👩‍👧 At dinner: “If you had $20 to start a business, what would you sell?”

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How Prices Are Set

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