Do you want an interactive lesson that puts all the decision making in the palm of your students' hands? Supply and demand is a fun, interactive, and hands on activity that will help your students understand economics on a smaller scale.
Students will understand the impact of individual and group decisions at a local level, the concept of supply and demand, and how prices and product availability play into the demand of objects.
Tell your students that they are going to learn about supply and demand today.
Give your students an introductory an example such as You’re in the cereal aisle of a grocery store. You go to grab a box of Fruit Loops, but realize they are all out. You see the label where they normally are and notice that they are on sale for $1.79. You look at the surrounding labels and notice all the other cereal boxes are over $2. You realize that the Fruit Loops are all gone because by buying them other customers were getting a deal and saving money.