Lindsey (comment #17),
I'm excited to hear you are implementing a classroom economy in your room this year!
You asked how I decide what prices to put on my items. My prices change every year based on the average amountoof money students are making. FOr example, last year silly bands were $5 apiece. This year we have implemented many new ways for students to earn additional credits, so students are making more money. For that reason, I will be pricing my silly bands at $10 apiece. It also depends on how much students make for their jobs. This year my messenger makes $10 a day. Last year the messenger only made $5 a day. (Students determine the salaries at the beginning of the year based on the perceived difficulty of the job.) You also do not want your entire stock to be gone after your first shopping day, so you will want to price things so that they are affordable but not so cheap that students have enough money to buy everything they want. I also like to have some "big ticket" items that no students are able to afford on the first shopping day so that they have to "save up" for some of the things they want to buy.
I hope this helps! Good luck with your first store opening!
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