Econ Project
Testo Storyboard
- Dylan and Emma's Bake Sale ProblemBy: Curtis ChoiAges: K-3
- The concept discussed in this short book is about supply and demandSupply and demand is a concept taught in the AP Macroeconomics course and is portrayed in a bake saleThe main characters, Dylan and Emma, have an issue on how to sell cookiesOur characters do not know the basics of supply and demand, until their teacher, Mrs. Johnson, introduces them to the supply and demand curveNone of these characters are based on real-life events.
- This is Dylan and EmmaThey have been friends for over 3 years!
- One day in class, their teacher, Mrs. Johnson, announced a project to her class on selling objects
- Remember kids! this project is due by the end of this week!
- The project was approaching fast, but they did not know where to even begin
- Wanna sell toys or makeup?
- Don't think any of our friends would want your toys nor my makeup
- Until...
- While walking home one afternoon, Dylan decided on his master plan to ace the class project
- Want to have a bake-sale? We can sell baked goods!
- Oh my! That sounds like a good idea!
- What flavour should we make these cookies?
- Emma and Dylan went straight to work, thinking they got it all figured out!
- I don't know, the kids will eat anything.
- Sale! Get them while they last!
- They soon realized that they were in grave danger. For days, they were not able to sell any cookies to their fellow classmates!
- Guys, we have mint, lemon, chicken, beef, and honey flavoured cookies!
- Bad news Emma, we sold a total of 5 cookies within the past 3 days...
- I thought this will be easy!
- Desperate, they decided to stay up all night baking to get the right cookies, but couldn't find the best flavour
- Awful! These will never sell!
- How does this taste? I put more mint this time!
- We have to ask Mrs. Johnson! There's no way we can get a good grade
- Dylan, I don't know about this project anymore!
- The two were at desperate needs and needed help bad!
- Please help us Mrs. Johnson
- Oh no! What's wrong kids? Did something happen along the way to your sales project?
- Dylan and Emma decide to get help from Mrs. Johnson the next day
- We're baking cookies, try some...
- Clearly, Mrs. Johnson did not like the cookies, but she did not want the kids to feel terrible about themselves
- They're not the best, but they're also not the worst
- We know they're bad, please help us figure out our problem
- Mrs. Johnson then thought of a good way to help these kids out
- I hate seeing children like this, but tell you what. Let me teach you a thing or two about supply and demand!
- Supply and demand?
- She introduced a topic called supply and demand
- Uhhh... what exactly is that?
- Supply and demand is the amount of something available and the will of buyers for it. This will determine the price of something
- Woah, what...?
- Yeah that definition was confusing, could you give us an example that could help us?
- Sure thing! Take account into your cookie sales. They're going downhill. And do you know why that is?
- The kids were obviously confused
- No... and we're trying to figure out why that is
- It's because of the Girl Scout's cookies! The demand for your cookies are low while their's are high
- So here was the first problem for the lack of sales... but what was the other problem?
- I knew the prices were too high!
- The cookies were $5 each and $9 for 2
- I need to ask, how much were the cookies?
- Aha! Here's the second problem. The price is too high!
- I see, but how does this relate to our cookie sales?
- Now I see the full picture. Your price is too high and the demand too low
- Also, it was Girl Scout's week, so the demand for your cookies were probably really low. Therefore, in order to get the best sales, keep your price level low and the demand for your product high!
- Glad you asked! You see, people want low prices! Your prices are too high! In short, keep your price level low!
- That makes so much more sense now!
- The kids finally understood what their problem was
- Thank you so much Mrs. Johnson!
- Haha! No problem kids! Good luck tomorrow!
- They set off to bake the best cookies and try to sell them at a very affordable price!
- So let's limit the price to just $2 a cookie!
- Let's choose chocolate chip, mint, and chocolate fudge!
- The kids baked all day long and came up with the best price possible!
- The kids were selling more cookies and making much more money than anyone!
- Yay! We finally won!
- Winner! Dylan and Emma!Congratulations on making $150.60
- Congratulations you guys! I knew you guys could do it!
- In the end, thanks to Mrs. Johnson and the kids' will power, they achieved the highest sales in the school's history and the best grade in the class.
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