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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 15 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 city park
  • B.A railroad across the country
  • C.A large business with thousands of sales agents
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.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
4.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Stop buying pencils forever
  • B.Buy their pencils at the cheaper store
  • C.Pay more at the other store
5.What is profit?
  • A.The price of one item
  • B.The money left after a business pays its costs
  • C.All the money a business takes in
6.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
7.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$42
  • B.$30 − $12 = $18
  • C.$12
8.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand doubles
  • B.Demand goes up
  • C.Demand goes down

LessonPrint · D2.Eco.7.3-5 · Set 15 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 15. Prints on its own sheet.

  1. 1.A large business with thousands of sales agents
  2. 2.Many more families could afford cars and bought them
  3. 3.Shoppers choose what they want to buy
  4. 4.Buy their pencils at the cheaper store
  5. 5.The money left after a business pays its costs
  6. 6.Lowers the price to sell them
  7. 7.$30 − $12 = $18
  8. 8.Demand goes down

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