Activity 01
Simulation Game: The Lemonade Stand Challenge
Students manage a virtual lemonade stand, making decisions about pricing and production levels based on simulated costs and market demand. They observe how changes in ingredient costs or selling price affect their willingness to produce more lemonade.
Explain the Law of Supply and its relationship to producer behavior.
Facilitation TipDuring The Pit Market, circulate with a timer and call out news snippets to keep students responding dynamically to changes.