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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 2 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.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
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.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Fewer people wanted cars
  • B.Many more families could afford cars and bought them
  • C.Cars were banned
5.Why do businesses want to make a profit?
  • A.Profit pays the owner and helps the business grow
  • B.Profit makes customers pay taxes
  • C.Profit closes the business
6.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$42
  • B.$30 − $12 = $18
  • C.$12
7.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Make more lemonade or charge a little more
  • B.Close the stand
  • C.Give away his pitcher
8.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

LessonPrint · D2.Eco.7.3-5 · Set 2 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 2. Prints on its own sheet.

  1. 1.A large business with thousands of sales agents
  2. 2.10 × $2 = $20; $20 − $8 = $12
  3. 3.It goes up
  4. 4.Many more families could afford cars and bought them
  5. 5.Profit pays the owner and helps the business grow
  6. 6.$30 − $12 = $18
  7. 7.Make more lemonade or charge a little more
  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.