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HH.1 Understand scarcity and cost

A town has very little rain for many months. Farmers can grow fewer vegetables than usual.

What is MOST likely to happen?

Emma sees two jackets at a store.

• Jacket A is made by hand by a designer.
• Jacket B is made in large amounts by a factory.

Which jacket will MOST likely cost less?

There are only 3 concert tickets left, but 10 people want to buy them.

What does this situation show?

Liam has $50 to spend on shoes.

Which pair of shoes can Liam afford?

Noah saved $15 to spend at the fair. He can ride the roller coaster or play games to win prizes, but he cannot do both.

What does this situation BEST show?

A new bakery opened in town, so there are now more bakeries selling cupcakes than before.

What will MOST likely happen to cupcake prices?

A store advertises “Buy 1 notebook for $4 or 3 notebooks for $10.”

Which choice has the lower cost for each notebook?

An ice cream shop advertises:

• 1 scoop of ice cream for $4
• 3 scoops of ice cream for $9

Which choice has the lower cost for each scoop of ice cream?

Which item is MOST likely to cost the most money?

Select the two situations where scarcity could cause prices to increase.

A grocery store lowers the cost of apples from $4 to $2 per bag.

What will MOST likely happen?

Select the two situations that BEST show scarcity.

A movie theater raises ticket prices from $8 to $12.

What does this mean?

Which backpack will MOST likely cost less?

A toy store has too many stuffed animals left after the holidays.
What will the store MOST likely do to sell more stuffed animals?

Liam wants to buy a toy drone, but the store sold out in one day because many people wanted it.

Why did the toy drone become hard to find?

A grocery store has only a few water bottles left after a big storm. Many people want to buy them.

What will MOST likely happen?

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