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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 20 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 becomes free
  • B.It goes up
  • C.It goes down
2.A store still has many winter coats in spring. What does it usually do?
  • A.Lowers the price to sell them
  • B.Raises the price
  • C.Throws the coats away
3.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$42
  • B.$30 − $12 = $18
  • C.$12
4.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Many more families could afford cars and bought them
  • B.Cars were banned
  • C.Fewer people wanted cars
5.Why do businesses want to make a profit?
  • A.Profit pays the owner and helps the business grow
  • B.Profit closes the business
  • C.Profit makes customers pay taxes
6.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
7.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
8.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

LessonPrint · D2.Eco.7.3-5 · Set 20 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 20. Prints on its own sheet.

  1. 1.It goes up
  2. 2.Lowers the price to sell them
  3. 3.$30 − $12 = $18
  4. 4.Many more families could afford cars and bought them
  5. 5.Profit pays the owner and helps the business grow
  6. 6.The money left after a business pays its costs
  7. 7.5 × $3 = $15; $15 − $4 = $11
  8. 8.Shoppers choose what they want to buy

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