Some of our vegetables are growing (and plenty have died). Soon, we will need to figure out our pricing model for our vegetables. How will we do this? It is simple: Supply and Demand.
Today, we really took a deep dive into supply and demand. We looked at a simple supply and demand graph; labeling each part and focusing on how prices and quantities interact.
Feel free to take a look at our Supply and Demand curves and ask your child all about it (linked here). They were really interested in this topic so strike while the iron is hot!
Listening to 7th grade engage with the concept of equilibrium was exciting. I look forward to seeing how the students apply what they’ve learned when deciding what to do with their crops.