Changes in supply and demand can create big challenges in our everyday lives. These changes affect prices in several ways:

• Increased Demand: Sometimes, a lot of people all want the same product at once. When this happens, prices usually go up. This can make it hard for many people to afford important items.

• Decreased Supply: Natural disasters, like floods or hurricanes, or problems in production can lead to less of a product being available. When supply goes down, prices often go up.

• Inflation: This is when prices in general start to rise. It can make it tough for families to manage their budgets, which leads to financial worries.

To help with these problems, governments can try different strategies, such as:

1. Subsidies: This means providing financial help to lower the cost of important goods.
2. Regulation: The government can control prices during tough times to stop businesses from taking advantage of people.

Keeping supply and demand balanced takes a lot of work and teamwork.