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 23 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.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.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Give away his pitcher
  • B.Close the stand
  • C.Make more lemonade or charge a little more
3.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes up
  • B.Demand goes down
  • C.Demand doubles
4.What is profit?
  • A.The price of one item
  • B.All the money a business takes in
  • C.The money left after a business pays its costs
5.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
6.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
7.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Cars were banned
  • B.Many more families could afford cars and bought them
  • C.Fewer people wanted cars
8.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

LessonPrint · D2.Eco.7.3-5 · Set 23 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 23. Prints on its own sheet.

  1. 1.Profit pays the owner and helps the business grow
  2. 2.Make more lemonade or charge a little more
  3. 3.Demand goes down
  4. 4.The money left after a business pays its costs
  5. 5.5 × $3 = $15; $15 − $4 = $11
  6. 6.A large business with thousands of sales agents
  7. 7.Many more families could afford cars and bought them
  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.