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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 4 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.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
2.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.$19
  • B.5 × $3 = $15; $15 − $4 = $11
  • C.$15
3.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes down
  • B.Demand doubles
  • C.Demand goes up
4.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
5.A store still has many winter coats in spring. What does it usually do?
  • A.Lowers the price to sell them
  • B.Raises the price
  • C.Throws the coats away
6.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
7.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A city park
  • B.A railroad across the country
  • C.A large business with thousands of sales agents
8.In a free market, who decides what to buy?
  • A.Only store owners
  • B.Shoppers choose what they want to buy
  • C.The government picks for everyone

LessonPrint · D2.Eco.7.3-5 · Set 4 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 4. Prints on its own sheet.

  1. 1.Buy their pencils at the cheaper store
  2. 2.5 × $3 = $15; $15 − $4 = $11
  3. 3.Demand goes down
  4. 4.10 × $2 = $20; $20 − $8 = $12
  5. 5.Lowers the price to sell them
  6. 6.Many more families could afford cars and bought them
  7. 7.A large business with thousands of sales agents
  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.