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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 12 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.Why do businesses want to make a profit?
  • A.Profit closes the business
  • B.Profit makes customers pay taxes
  • C.Profit pays the owner and helps the business grow
2.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
3.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$30 − $12 = $18
  • B.$42
  • C.$12
4.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.10 × $2 = $20; $20 − $8 = $12
  • B.$28
  • C.$20
5.A store still has many winter coats in spring. What does it usually do?
  • A.Throws the coats away
  • B.Lowers the price to sell them
  • C.Raises the price
6.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand doubles
  • B.Demand goes down
  • C.Demand goes up
7.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Fewer people wanted cars
  • B.Cars were banned
  • C.Many more families could afford cars and bought them
8.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 railroad across the country
  • C.A city park

LessonPrint · D2.Eco.7.3-5 · Set 12 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 12. Prints on its own sheet.

  1. 1.Profit pays the owner and helps the business grow
  2. 2.Make more lemonade or charge a little more
  3. 3.$30 − $12 = $18
  4. 4.10 × $2 = $20; $20 − $8 = $12
  5. 5.Lowers the price to sell them
  6. 6.Demand goes down
  7. 7.Many more families could afford cars and bought them
  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.