Prices go up or down depending on what people want. Imagine you have a lemonade stand, and it’s a really hot day, everyone wants lemonade! You can charge more money because people are happy to pay for it. But if the weather cools down, not as many people want lemonade, so you might lower your price.
Examples
- The price of apples went up because there was a big storm and fewer apples grew this year.
- The pizza shop lowered its prices because it had too many pizzas left from the weekend.
- You can buy candy for less on Monday, but it costs more on Friday when everyone wants it.
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See also
- Why Are Some Things Expensive and Others Cheap?
- Why Do Prices Go Up When Everyone Buys the Same Thing?
- How Did Paper Money Become a Symbol of Wealth?
- How Did Paper Money Begin?
- How Did ‘Money’ Evolve from Barter to Coins and Banknotes?
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