Why do things cost different amounts?

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SMART Prep | Quick Question 210145

The Year 6 students planned a school fair to raise money for new sports equipment. They baked cakes, made posters, and organised games for younger children. On the day, many families came to support the event, and the students sold nearly every item they had prepared. At the end of the afternoon, the principal said the fair was a success because it brought the school together and earned enough money for the equipment.

Which option is the best summary of the passage?

  

Did You Know?

Why do some sneakers cost $20 while others cost $200?
The price of sneakers can vary based on materials, labor, and brand reputation!

Vocabulary

Click on the words in the article. See if you can find them all.
  • supply The amount of a product available for sale. There was a high supply of apples at the market.
  • demand How much people want a product. The demand for ice cream increases in summer.
  • brand A name or logo that represents a product or company. Nike is a famous brand known for sports shoes.
  • Thinking Question

    How do you think brand names influence what people choose to buy?

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