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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 11 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.What is profit?
  • A.All the money a business takes in
  • B.The price of one item
  • C.The money left after a business pays its costs
2.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Many more families could afford cars and bought them
  • B.Fewer people wanted cars
  • C.Cars were banned
3.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.$15
  • B.$19
  • C.5 × $3 = $15; $15 − $4 = $11
4.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$12
  • B.$42
  • C.$30 − $12 = $18
5.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.Make more lemonade or charge a little more
  • C.Give away his pitcher
6.A store still has many winter coats in spring. What does it usually do?
  • A.Lowers the price to sell them
  • B.Raises the price
  • C.Throws the coats away
7.In a free market, who decides what to buy?
  • A.Shoppers choose what they want to buy
  • B.Only store owners
  • C.The government picks for everyone
8.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A railroad across the country
  • B.A city park
  • C.A large business with thousands of sales agents

LessonPrint · D2.Eco.7.3-5 · Set 11 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 11. Prints on its own sheet.

  1. 1.The money left after a business pays its costs
  2. 2.Many more families could afford cars and bought them
  3. 3.5 × $3 = $15; $15 − $4 = $11
  4. 4.$30 − $12 = $18
  5. 5.Make more lemonade or charge a little more
  6. 6.Lowers the price to sell them
  7. 7.Shoppers choose what they want to buy
  8. 8.A large business with thousands of sales agents

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