Economics
3.6(A)Why Prices Go Up and Down
Explain how supply and demand affect the price of a good or service.
Part of The student understands the concept of the free enterprise system and how businesses operate in the U.S. free enterprise system
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Intro
Prices Can Change
Today you will learn how supply and demand affect the price of a good or service. A good is something you can hold, like a toy. A service is work someone does for you, like a haircut. Both have a price, and that price can change.
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