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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 16 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.The money left after a business pays its costs
  • B.All the money a business takes in
  • C.The price of one item
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.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
4.In a free market, who decides what to buy?
  • A.Only store owners
  • B.The government picks for everyone
  • C.Shoppers choose what they want to buy
5.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
6.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.$15
  • B.5 × $3 = $15; $15 − $4 = $11
  • C.$19
7.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Cars were banned
  • B.Fewer people wanted cars
  • C.Many more families could afford cars and bought them
8.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Stop buying pencils forever
  • B.Pay more at the other store
  • C.Buy their pencils at the cheaper store

LessonPrint · D2.Eco.7.3-5 · Set 16 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 16. Prints on its own sheet.

  1. 1.The money left after a business pays its costs
  2. 2.Make more lemonade or charge a little more
  3. 3.It goes up
  4. 4.Shoppers choose what they want to buy
  5. 5.10 × $2 = $20; $20 − $8 = $12
  6. 6.5 × $3 = $15; $15 − $4 = $11
  7. 7.Many more families could afford cars and bought them
  8. 8.Buy their pencils at the cheaper store

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