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Grade 3 Social Studies · World 9: Making It, Trading It · Level 69
Prices
How prices decide who gets goods and services.
Warm-up, learn, try it together, practice, then a quick check. About 15 minutes.
What children learn in Level 69
- A price is the amount of money you pay to buy something. Prices help decide who gets things: the people willing and able to pay.
- When lots of people want something and there isn't much of it, the price usually goes up. Think of tickets to a big game.
- When there's more of something than people want, the price usually goes down. Stores have sales to sell it.
- Graphs can show prices. This farm stand's strawberries cost the least in May, when Georgia has lots of ripe berries.
Georgia Standards of Excellence in Social Studies:
- SS3E3.b — Describe how goods and services are allocated by price in the marketplace.
- IPS.12 — Information Processing Skill 12: analyze graphs and diagrams (introduced in Grade 3)