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Grade 2
Economics and Financial Literacy
Market Economy
17. Supply and Demand
17.2 Price Changes
Discover Why Prices Change - Your Guide to Supply and Demand
You will learn why your favorite items cost more sometimes and less at other times through fun, real-world examples.
What You'll Learn
You learn how supply and demand affect everyday prices
You discover why scarce items cost more than plentiful
You practice identifying price changes in real shopping situations
You understand connections between customers, sellers, and market pricing
What You'll Practice
1
You analyze lemonade stands and berry baskets pricing scenarios
2
You identify when supply decreases and demand increases prices
3
You match vocabulary terms with correct supply demand definitions
Why This Matters
You will use this knowledge every time you shop, helping you understand fair prices and make smart spending decisions throughout your life.
This Unit Includes
Practice exercises
Learning resources
Skills
Supply Demand
Price Changes
Economic Principles
Smart Shopping
Market Understanding
IL Curriculum Aligned