Indiana Social Studies 4.E.3

Social Studies4th GradeEconomics

The Standard

Explain that prices change as a result of changes in supply and demand for specific products.

2026 Indiana Academic Standards: K-12 Social Studies

Teacher's field guide

What Students Need to Do: Students predict whether a product's price will rise or fall when the amount for sale or the amount buyers want changes. They explain their prediction using a specific product.
What Mastery Looks Like: If a frost cuts the strawberry crop, a student predicts higher prices when buyers still want as many strawberries. If fewer people want strawberries, the student predicts lower prices when the crop stays the same.
Common Misconceptions: Students may think fewer strawberries for sale means a lower price because there are fewer to buy. They may also think more buyers means a lower price because more strawberries will sell.
How to Assess It: Exit ticket: A storm cuts the orange crop in half, but shoppers still want the same amount of oranges. Will orange prices likely rise or fall? Explain why in one sentence.

Lesson moves

Give six students buyer cards and set out eight paper apples, then remove five apples and have students adjust a price tag.
Ask: If a heat wave ruins part of the orange crop but shoppers still want oranges, what happens to the price? Why?
Give groups four strawberry cards: more buyers, fewer buyers, bigger harvest, smaller harvest. Have them sort each by likely price change.
Display strawberry price tags, $2 per box in June and $5 in January. Ask how winter growing conditions might change supply.

Free download

A ready-to-print activity worksheet aligned to 4.E.3, with an answer key for the teacher on its own page. No account needed.

PDF, US Letter, prints cleanly in black and white.

Keep exploring

Grade, subject, topic, and the complete standard are prefilled. Create one free, no account needed.