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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.

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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.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
  • A.A city park
  • B.A large business with thousands of sales agents
  • C.A railroad across the country
2.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
3.Jay sells lemonade for $1 a cup. On a hot day, many more people want some. What could Jay do?
  • A.Give away his pitcher
  • B.Make more lemonade or charge a little more
  • C.Close the stand
4.Why do businesses want to make a profit?
  • A.Profit makes customers pay taxes
  • B.Profit pays the owner and helps the business grow
  • C.Profit closes the business
5.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
  • A.$20
  • B.$28
  • C.10 × $2 = $20; $20 − $8 = $12
6.Fewer people want ice cream in winter. What happens to demand for it?
  • A.Demand doubles
  • B.Demand goes up
  • C.Demand goes down
7.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
  • A.Pay more at the other store
  • B.Stop buying pencils forever
  • C.Buy their pencils at the cheaper store
8.A bake sale takes in $30. The ingredients cost $12. What is the profit?
  • A.$30 − $12 = $18
  • B.$42
  • C.$12

LessonPrint · D2.Eco.7.3-5 · Set 8 · free to copy for classroom use

Answer key — Supply, Demand and Price

Set 8. Prints on its own sheet.

  1. 1.A large business with thousands of sales agents
  2. 2.Lowers the price to sell them
  3. 3.Make more lemonade or charge a little more
  4. 4.Profit pays the owner and helps the business grow
  5. 5.10 × $2 = $20; $20 − $8 = $12
  6. 6.Demand goes down
  7. 7.Buy their pencils at the cheaper store
  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.