|
Summary: Penny sells lemonade at her lemonade stand for one penny. As she sells each cup, the price goes up. Eventually, she earns a dollar to buy a birthday card for her mother. Concept: Price Definition: The price is what people pay when they purchase a good or service, or what they receive when they sell a good or service. Comprehension Questions: Describe Penny's business. (She sells lemonade.) Does she provide a good or a service? (good) What is the price of the lemonade in the beginning of the story? (one cent) Does the price stay the same? Why or why not? (She raises the price each time she sells a cup. She wants to earn a dollar.) How many cups
of lemonade does she prepare? (ten) How many did she sell?
Identify the different prices of her good. (one cent - penny; two cents; five cents - nickel; ten cents - dime; twenty-five cents - quarter; fifty cents) How much did she earn when she counted her money? (Three quarters + one dime + two nickels + five pennies = one hundred cents or a dollar) What did she buy with her earned dollar? (a birthday card for her mother) Other
Concepts: Goods
and Services, Money, Producers
|
