Key Points
1. Asking Questions About Price and Value
- “How much does it cost?”
- “What is its worth/value?”
- “What is its price?”
- “How expensive/cheap is it?”
- “What are you charging for this?”
- “Is it reasonable/affordable?”
These questions use different interrogative structures:
Used with adjectives like “much,” “expensive,” or “cheap” Example: “How expensive is that new smartphone?”
Used to ask about specific attributes like worth, value, or price Example: “What is the value of this antique watch?”
Begin with “Is” or “Are” to ask about qualities like reasonableness or affordability Example: “Is this apartment affordable for a student?”
2. Responding to Price Inquiries
The image provides several example responses:
- “It costs more than I can afford.”
- “Its value is higher than I expected.”
- “The price is $5/high/low.”
- “It is too expensive for me.”
- “We are charging $5 for it.”
- “It is quite reasonable/affordable.”
These responses demonstrate various grammatical structures:
Using “more than” or “higher than” to compare prices or values Example: “The concert tickets cost more than we budgeted for.”
Expressing that something exceeds a desirable or acceptable level Example: “This restaurant is too expensive for our group dinner.”
Using “are charging” to indicate an ongoing price or fee Example: “They are charging $50 per hour for tutoring services.”
Modifying adjectives like “reasonable” or “affordable” Example: “The new café’s prices are quite reasonable for the quality of food they serve.”
3. Vocabulary Distinctions
The image defines several related terms:
- Price: A general usage term
- Charge: Commonly, extra money paid for an activity
- Fare: Money paid for transportation
- Fee: A small additional payment for a service
- Cost: Commonly, the sum of many purchases
- Bill: Invoice for household expenses & utilities
- Payment: A fraction of a costly product paid monthly
- Expense: A cost from the perspective of budgeting
When using these terms, pay attention to their specific contexts:
Example sentences:
- “The price of the shirt was $25.”
- “There’s an additional charge of $10 for gift wrapping.”
- “The bus fare from the airport to downtown is $15.”
- “Our bank charges a monthly fee of $5 for the checking account.”
- “The total cost of the home renovation project exceeded our budget.”
- “Don’t forget to pay the electricity bill by the end of the month.”
- “The car payments are $300 per month for the next five years.”
- “We need to reduce our monthly expenses to save more money.”
4. Adjectives for Describing Prices and Products
The image mentions that products and services can be “expensive” or “inexpensive,” and that prices, charges, fares, fees, and costs can be “high” or “low.” Bills, payments, and expenses can be “large” or “small.”
Example sentences:
- “Organic produce is often more expensive than conventional options.”
- “Public transportation is usually an inexpensive way to travel around the city.”
- “Hotel rates are high during the peak tourist season.”
- “The entrance fee to the museum is quite low for students.”
- “Our electricity bills are typically larger in winter due to heating costs.”
Remember that when using these adjectives, you can create comparative and superlative forms:
- Expensive – more expensive – most expensive
- High – higher – highest
- Low – lower – lowest
Example: “Among all the restaurants we visited, this one had the most expensive menu but the lowest service charges.”
By understanding and practicing these terms and structures, non-native English speakers can become more comfortable discussing money-related topics in various contexts.