Some things are more expensive because people want them more or there's less of them. Imagine you and your friend both like candy, but there’s only one piece left. You’d probably pay more to get it than your friend would. That’s like how prices work in real life, if something is rare or really wanted, it costs more.
Examples
- A toy that everyone wants on Christmas morning costs more than one no one notices.
- A rare baseball card is worth thousands, but a common one might only be worth a few dollars.
- The last slice of pizza at a party is more expensive than the first ones.
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See also
- Why Are Some Things More Expensive Than Others?
- Why Do Prices Go Up When You're the Only One Buying?
- What is rarity?
- What are real value of money decreases?
- What is Market price?