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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 21 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.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
2.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$30 − $12 = $18
  • B.$12
  • C.$42
3.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
4.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand doubles
  • B.Demand goes up
  • C.Demand goes down
5.In a free market, who decides what to buy?
  • A.Shoppers choose what they want to buy
  • B.The government picks for everyone
  • C.Only store owners
6.A store still has many winter coats in spring. What does it usually do?
  • A.Raises the price
  • B.Throws the coats away
  • C.Lowers the price to sell them
7.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
8.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.10 × $2 = $20; $20 − $8 = $12
  • B.$28
  • C.$20

LessonPrint · D2.Eco.7.3-5 · Set 21 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 21. Prints on its own sheet.

  1. 1.Profit pays the owner and helps the business grow
  2. 2.$30 − $12 = $18
  3. 3.Buy their pencils at the cheaper store
  4. 4.Demand goes down
  5. 5.Shoppers choose what they want to buy
  6. 6.Lowers the price to sell them
  7. 7.5 × $3 = $15; $15 − $4 = $11
  8. 8.10 × $2 = $20; $20 − $8 = $12

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