Lesson Plan

Supply and Demand

Curated and Reviewed by Lesson Planet

Fifth graders discuss the affects of supply and demand on prices and purchasing habits. Given a scenario, student groups discuss how demand and other factors can affect the price of an object. They predict a change in price dependent upon the supply and demand for an object.

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Resource Details
Grade
5th
Subjects
Social Studies & History
3 more...
Resource Type
Lesson Plans
Duration
45 mins
Instructional Strategies
Simulation
1 more...
Usage Permissions
Fine Print