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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 3 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.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Many more families could afford cars and bought them
  • B.Fewer people wanted cars
  • C.Cars were banned
2.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$42
  • B.$12
  • C.$30 − $12 = $18
3.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
4.Why do businesses want to make a profit?
  • A.Profit closes the business
  • B.Profit makes customers pay taxes
  • C.Profit pays the owner and helps the business grow
5.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes up
  • B.Demand doubles
  • C.Demand goes down
6.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
7.Many people want a new toy, but stores have only a few. What happens to the price?
  • A.It goes up
  • B.It becomes free
  • C.It goes down
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 3 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 3. Prints on its own sheet.

  1. 1.Many more families could afford cars and bought them
  2. 2.$30 − $12 = $18
  3. 3.5 × $3 = $15; $15 − $4 = $11
  4. 4.Profit pays the owner and helps the business grow
  5. 5.Demand goes down
  6. 6.Make more lemonade or charge a little more
  7. 7.It goes up
  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.