Supply and demand (simple)
See how the number of buyers and sellers together decide what something costs.
In this lesson
Supply and demand (simple) is part of Money Has Value. This preview shows how money-basics connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Think about this money choice
Imagine this situation: A mango seller has 200 mangoes but only 5 people want to buy today.
How it works
Supply = how much of a product exists in the market. Demand = how many people want it.
Try a real-life example
Real-life money moment: At Christmas, turkey demand shoots up but supply stays the same. Then in January, demand drops back down.
Activity preview
Choose the best money move
Use what you just learned. Choose the option you can explain.
Try one real money action
Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.
Quiz preview
If a market has plenty of mangoes and few buyers, prices:
A mango seller has 200 mangoes but only 5 people want to buy today. What should the seller do to sell them all?