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Lemons and Lemonade

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Imagine It! Unit 3, Lesson 3: Lemons and Lemonade: A Book About Supply and Demand

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Questions 10

Answers

1
There was a demand for lemonade. A demand means
nice weather
a desire for a product
enough time
a stand
2
Which of these sentences from the selection is an opinion?
There's a softball game going on today.
That night, Karly made a new sign.
All of your supplies are called capital.
I'll be rich!
3
An expense is described as
people who buy things
money made by selling things
number of things put up for sale
money spent to buy or make things
4
What helps a business owner know how to set the prices of something they will sell?
customers and partners
profit and capital
supply and demand
gross and net profit
5
Karly made a profit. What is a profit?
money left after everything has been paid for
a small stand to sell things
a person who starts his or her own business
things needed to make a profit
6
Why does Karly's mother say she does not have a monopoly?
Karly does not make enough money to buy supplies
her mother gives her fruit snacks to sell
her mother does not want her to daydream
Josh and Shaun also have a lemonade stand
7
What does Karly do when she has competition?
raises her prices
yells and Josh and Shaun
quits
lowers her prices and also sells fruit snacks
8
A stack is a
pile
treat
trap
plan
9
Who was Karly's first customer in the story?
Mrs. Crane
Shaun
Josh
Mr. Smith
10
What is the superlative form of the adjective cool?
most cooler
coolester
coolest
coolerest