Grade 6-8, 9-12
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Activity
Comparing Pizza Prices
Objective
Students will be able to:
- Compare the price of two similar products.
Standard
National Standards in Economics
Markets and Prices
Standard: 7
- Students will understand that: Markets exist when buyers and sellers interact. This interaction determines market prices and thereby allocates scarce goods and services.
- Students will be able to use this knowledge to: Identify markets in which they have participated as a buyer and seller and describe how the interaction of all buyers and sellers influences prices. Also, predict how prices change when there is either a shortage or surplus of the product available.
National Standards in Financial Literacy
Spending
Standard: 2
- Students will understand that: A budget is a plan for allocating a person’s spendable income to necessary and desired goods and services. When there is sufficient money in their budget, people may decide to give money to others, save, or invest to achieve future goals. People can often improve their financial wellbeing by making well-informed spending decisions, which includes critical evaluation of price, quality, product information, and method of payment. Individual spending decisions may be influenced by financial constraints, personal preferences, unique needs, peers, and advertising.
Concepts
In this economics activity, students will explain the difference in price for two similar products.
Resources
Procedure
This is an individual activity where students will compare the prices of two establishments selling pepperoni pizzas and explain potential reasons for the price differences. Choose one of the following formats for students to complete the activity: Comparing Pizza Prices Quizizz Activity, Comparing Pizza Prices Worksheet, or the ReadyAssessment questions. To complete this activity, students need to follow the directions below:
- Choose which format you wish to complete the Comparing Pizza Prices Activity: Comparing Pizza Prices Quizizz Activity, Comparing Pizza Prices Worksheet, or the ReadyAssessment questions.