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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 14 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.A store still has many winter coats in spring. What does it usually do?
  • A.Raises the price
  • B.Lowers the price to sell them
  • C.Throws the coats away
2.Many people want a new toy, but stores have only a few. What happens to the price?
  • A.It goes up
  • B.It goes down
  • C.It becomes free
3.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.$19
  • B.5 × $3 = $15; $15 − $4 = $11
  • C.$15
4.Why do businesses want to make a profit?
  • A.Profit makes customers pay taxes
  • B.Profit closes the business
  • C.Profit pays the owner and helps the business grow
5.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A city park
  • B.A railroad across the country
  • C.A large business with thousands of sales agents
6.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.$28
  • B.10 × $2 = $20; $20 − $8 = $12
  • C.$20
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.Make more lemonade or charge a little more
  • C.Close the stand

LessonPrint · D2.Eco.7.3-5 · Set 14 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 14. Prints on its own sheet.

  1. 1.Lowers the price to sell them
  2. 2.It goes up
  3. 3.5 × $3 = $15; $15 − $4 = $11
  4. 4.Profit pays the owner and helps the business grow
  5. 5.A large business with thousands of sales agents
  6. 6.10 × $2 = $20; $20 − $8 = $12
  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.