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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 25 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.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.$19
  • B.$15
  • C.5 × $3 = $15; $15 − $4 = $11
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.In a free market, who decides what to buy?
  • A.The government picks for everyone
  • B.Shoppers choose what they want to buy
  • C.Only store owners
4.Many people want a new toy, but stores have only a few. What happens to the price?
  • A.It goes up
  • B.It goes down
  • C.It becomes free
5.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Make more lemonade or charge a little more
  • B.Close the stand
  • C.Give away his pitcher
6.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.10 × $2 = $20; $20 − $8 = $12
  • B.$20
  • C.$28
7.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
8.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes down
  • B.Demand doubles
  • C.Demand goes up

LessonPrint · D2.Eco.7.3-5 · Set 25 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 25. Prints on its own sheet.

  1. 1.5 × $3 = $15; $15 − $4 = $11
  2. 2.A large business with thousands of sales agents
  3. 3.Shoppers choose what they want to buy
  4. 4.It goes up
  5. 5.Make more lemonade or charge a little more
  6. 6.10 × $2 = $20; $20 − $8 = $12
  7. 7.The money left after a business pays its costs
  8. 8.Demand goes down

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