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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 13 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.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
2.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$30 − $12 = $18
  • B.$12
  • C.$42
3.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 large business with thousands of sales agents
  • C.A city park
4.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Pay more at the other store
  • B.Stop buying pencils forever
  • C.Buy their pencils at the cheaper store
5.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
6.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes up
  • B.Demand doubles
  • C.Demand goes down
7.What is profit?
  • A.All the money a business takes in
  • B.The money left after a business pays its costs
  • C.The price of one item
8.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Give away his pitcher
  • B.Close the stand
  • C.Make more lemonade or charge a little more

LessonPrint · D2.Eco.7.3-5 · Set 13 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 13. Prints on its own sheet.

  1. 1.It goes up
  2. 2.$30 − $12 = $18
  3. 3.A large business with thousands of sales agents
  4. 4.Buy their pencils at the cheaper store
  5. 5.Shoppers choose what they want to buy
  6. 6.Demand goes down
  7. 7.The money left after a business pays its costs
  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.