Supply, Demand & Price
📋 What it is
Price is set where supply (how much sellers offer) meets demand (how much buyers want) — the equilibrium point.
🗣️ Coach says
Price isn’t random — it’s a tug-of-war. When lots of people want something that’s scarce, price rises; when sellers make too much, price falls. The point where the two balance is the equilibrium price.
🧠 Memory hook
High demand + low supply → price up. The balance point = equilibrium.
😂 Giggle
What did the buyer say to the seller?
"Let's make a deal — I demand it!"
😲 Whoa!
When a hot new toy sells out, resellers sometimes charge many times the store price — pure supply-and-demand in action.
✅ Quick check: A new sneaker is super popular but only a few were made. What happens to its price, and why?
Say your answer out loud first — then reveal.
The price rises — high demand meets low supply, so buyers compete and sellers can charge more until it balances.
Reading price as the balance of supply and demand is the core market skill.
🧪 Try it! (2 minutes)
Find something that got pricier or cheaper lately — was it supply, demand, or both?