What does 'supply' mean in the story?

Supply means how many of something is available.

Why might the price of a winter coat be lower in the summer?

Because fewer people want to buy coats in the summer, so the demand is low.

Name: Supply and Demand
Author: Insta~Lesson

2nd Grade · Social Studies · 30 min

I can explain the difference between supply and demand.

1
Supply means how many of something is available, and demand means how many people want that thing.
2
When something is in high demand, the price can go up, but when there's a high supply, the price might go down.
3
The best time to buy a coat is in the summer because not many people want them then.

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