Students hear a story about Peanut Butter, a slice of bread with peanut butter, who is looking for a friend. They hear about examples of complement and substitute goods and participate in an activity where they are given a good and they find a partner with a substitute or a complement for that good. They conclude by singing a song about complements and substitutes. The lesson provides the basis for understanding that a change in the price of one good affects the demand for goods that are complements to or substitutes for that good.
This lesson plan is designed for teaching grades 1, 2, and 3.
Book written by Terry Border / ISBN: 978-0-399-16773-7. This book is in print and available.
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