Did You Know?
Some toys cost more at Christmas!
Price Goes Up
When price goes up, more is made.
Price Goes Down
When price goes down, less is made.
What law of supply Does
More price means more stuff to sell.
Less price means less stuff to sell.
People want to make money.
Stores change prices all the time.
More toys can be made if price is high.
Less toys are made if price is low.
More About law of supply
The law of supply helps us know why prices change. When prices go up, stores want to sell more. They can earn more money this way. When prices go down, they sell less. This helps us see how stores think.
This law is in our lives every day. When we want more of something, like candy, the price can go up. If there is a lot of candy, the price can go down. This helps us buy what we want.
In the future, prices may change more. New things can be made, and prices can go up or down. This is how the world of buying and selling works!
