Why Do Prices Change Every Day?

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.

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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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Categories: Economics · price changes,economics,supply and demand