Chapter 17.1
Discover How Supply and Demand Control Prices Around You
You will learn why some things cost more when everyone wants them and how stores decide their prices.
What You'll Learn
You learn how supply and demand determine store prices
You discover why popular items often cost more money
You practice identifying shortages in everyday shopping situations daily
You understand connections between buyers, sellers, and market trades
What You'll Practice
1
You solve problems about lemonade stands and price changes
2
You identify when high demand creates shortages and higher
3
You match important vocabulary terms with their correct definitions
Why This Matters
You use supply and demand knowledge every time you shop, helping you understand why prices change and make smarter spending decisions.
This Unit Includes
Practice exercises
Learning resources
Skills
Supply Demand
Price Changes
Market Trade
Economic Choices
Smart Spending
IL Curriculum Aligned
