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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 5 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.What is profit?
  • A.All the money a business takes in
  • B.The money left after a business pays its costs
  • C.The price of one item
2.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.5 × $3 = $15; $15 − $4 = $11
  • B.$15
  • C.$19
3.A store still has many winter coats in spring. What does it usually do?
  • A.Raises the price
  • B.Throws the coats away
  • C.Lowers the price to sell them
4.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 railroad across the country
  • C.A city park
5.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
6.Many people want a new toy, but stores have only a few. What happens to the price?
  • A.It goes down
  • B.It becomes free
  • C.It goes up
7.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Close the stand
  • B.Make more lemonade or charge a little more
  • C.Give away his pitcher
8.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes down
  • B.Demand goes up
  • C.Demand doubles

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

Answer key — Supply, Demand and Price

Set 5. Prints on its own sheet.

  1. 1.The money left after a business pays its costs
  2. 2.5 × $3 = $15; $15 − $4 = $11
  3. 3.Lowers the price to sell them
  4. 4.A large business with thousands of sales agents
  5. 5.Profit pays the owner and helps the business grow
  6. 6.It goes up
  7. 7.Make more lemonade or charge a little more
  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.