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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 6 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.Raises the price
  • B.Lowers the price to sell them
  • C.Throws the coats away
2.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand goes up
  • B.Demand goes down
  • C.Demand doubles
3.Henry Ford's assembly line made cars much cheaper. What happened next?
  • A.Cars were banned
  • B.Fewer people wanted cars
  • C.Many more families could afford cars and bought them
4.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
  • A.$15
  • B.5 × $3 = $15; $15 − $4 = $11
  • C.$19
5.In a free market, who decides what to buy?
  • A.Only store owners
  • B.The government picks for everyone
  • C.Shoppers choose what they want to buy
6.Why do businesses want to make a profit?
  • A.Profit makes customers pay taxes
  • B.Profit closes the business
  • C.Profit pays the owner and helps the business grow
7.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.$20
  • B.10 × $2 = $20; $20 − $8 = $12
  • C.$28
8.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$42
  • B.$12
  • C.$30 − $12 = $18

LessonPrint · D2.Eco.7.3-5 · Set 6 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 6. Prints on its own sheet.

  1. 1.Lowers the price to sell them
  2. 2.Demand goes down
  3. 3.Many more families could afford cars and bought them
  4. 4.5 × $3 = $15; $15 − $4 = $11
  5. 5.Shoppers choose what they want to buy
  6. 6.Profit pays the owner and helps the business grow
  7. 7.10 × $2 = $20; $20 − $8 = $12
  8. 8.$30 − $12 = $18

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