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Supply, Demand and Price is a free printable Grade 3 to Grade 5 social studies worksheet on how supply and demand set prices and profits, aligned to C3 Framework indicator D2.Eco.7.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

Set 10 of 25 · the same problems every time you open this link.

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Set 1 has all 25 in a single PDF. All 25 sets ask different questions.

Supply, Demand and Price

D2.Eco.7.3-5

NameDate

Circle the best answer.

1.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A large business with thousands of sales agents
  • B.A city park
  • C.A railroad across the country
2.Many people want a new toy, but stores have only a few. What happens to the price?
  • A.It goes down
  • B.It becomes free
  • C.It goes up
3.In a free market, who decides what to buy?
  • A.Only store owners
  • B.The government picks for everyone
  • C.Shoppers choose what they want to buy
4.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand doubles
  • B.Demand goes up
  • C.Demand goes down
5.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Cars were banned
  • B.Many more families could afford cars and bought them
  • C.Fewer people wanted cars
6.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$30 − $12 = $18
  • B.$12
  • C.$42
7.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Stop buying pencils forever
  • B.Pay more at the other store
  • C.Buy their pencils at the cheaper store
8.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Close the stand
  • B.Give away his pitcher
  • C.Make more lemonade or charge a little more

LessonPrint · D2.Eco.7.3-5 · Set 10 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 10. Prints on its own sheet.

  1. 1.A large business with thousands of sales agents
  2. 2.It goes up
  3. 3.Shoppers choose what they want to buy
  4. 4.Demand goes down
  5. 5.Many more families could afford cars and bought them
  6. 6.$30 − $12 = $18
  7. 7.Buy their pencils at the cheaper store
  8. 8.Make more lemonade or charge a little more

Last reviewed 2026-09-05. Aligned to D2.Eco.7.3-5 of the C3 Framework for Social Studies State Standards.