Skip to content
LessonPrint

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 22 of 25 · the same problems every time you open this link.

Next set

One paper per student

12345678910111213141516171819202122232425

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.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$30 − $12 = $18
  • B.$42
  • C.$12
2.What is profit?
  • A.All the money a business takes in
  • B.The money left after a business pays its costs
  • C.The price of one item
3.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A railroad across the country
  • B.A city park
  • C.A large business with thousands of sales agents
4.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.5 × $3 = $15; $15 − $4 = $11
  • B.$19
  • C.$15
5.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
6.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
7.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Pay more at the other store
  • B.Buy their pencils at the cheaper store
  • C.Stop buying pencils forever
8.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

LessonPrint · D2.Eco.7.3-5 · Set 22 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 22. Prints on its own sheet.

  1. 1.$30 − $12 = $18
  2. 2.The money left after a business pays its costs
  3. 3.A large business with thousands of sales agents
  4. 4.5 × $3 = $15; $15 − $4 = $11
  5. 5.Lowers the price to sell them
  6. 6.Shoppers choose what they want to buy
  7. 7.Buy their pencils at the cheaper store
  8. 8.Many more families could afford cars and bought them

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