Supply and Demand

It is common for primary students to visit banks with their families and see actions that involve money. They witness the effects of supply and demand at stores and places of business. They are often consumers of goods and services that are affected by these economic forces. When children have an opportunity to engage in putting a value to items relative to their own interest, they get a sense of how the value of items can go up and down. By engaging in this activity, students will become familiar with basic aspects of supply and demand and the effects of scarcity on a desired item.