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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 24 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.A store still has many winter coats in spring. What does it usually do?
  • A.Lowers the price to sell them
  • B.Throws the coats away
  • C.Raises the price
2.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A large business with thousands of sales agents
  • B.A city park
  • C.A railroad across the country
3.Why do businesses want to make a profit?
  • A.Profit makes customers pay taxes
  • B.Profit pays the owner and helps the business grow
  • C.Profit closes the business
4.What is profit?
  • A.The price of one item
  • B.The money left after a business pays its costs
  • C.All the money a business takes in
5.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Stop buying pencils forever
  • B.Pay more at the other store
  • C.Buy their pencils at the cheaper store
6.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Fewer people wanted cars
  • B.Cars were banned
  • C.Many more families could afford cars and bought them
7.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$42
  • B.$30 − $12 = $18
  • C.$12
8.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.$20
  • B.$28
  • C.10 × $2 = $20; $20 − $8 = $12

LessonPrint · D2.Eco.7.3-5 · Set 24 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 24. Prints on its own sheet.

  1. 1.Lowers the price to sell them
  2. 2.A large business with thousands of sales agents
  3. 3.Profit pays the owner and helps the business grow
  4. 4.The money left after a business pays its costs
  5. 5.Buy their pencils at the cheaper store
  6. 6.Many more families could afford cars and bought them
  7. 7.$30 − $12 = $18
  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.