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Supply and Demand in American History is a free printable Grade 3 to Grade 5 social studies worksheet on supply and demand in American history, 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 and Demand in American History

D2.Eco.7.3-5

NameDate

Circle the best answer.

1.When the Union navy blockaded Southern ports in the Civil War, what happened to prices in the South?
  • A.They stayed the same
  • B.They rose, because goods were scarce
  • C.They fell, because there were extra goods
2.In the early 1930s many people had little money. What happened to the prices farmers got for crops?
  • A.They rose, because everyone was rich
  • B.They doubled every year
  • C.They fell, because demand dropped
3.Cotton planters earned large profits in the 1850s. Who did the work that produced those profits?
  • A.The planters themselves, alone
  • B.Paid factory workers in the North
  • C.Enslaved people, who were never paid
4.Why did merchants such as Levi Strauss open stores in San Francisco during the Gold Rush?
  • A.To sell goods to miners and earn a profit
  • B.To dig for gold themselves
  • C.Because the government ordered them to
5.When Henry Ford's assembly line made cars cheaper, what happened to the number of people buying cars?
  • A.It fell to zero
  • B.It stayed the same
  • C.It grew
6.After the cotton gin made cleaning cotton faster, what happened to Southern planters' demand for land and enslaved labor?
  • A.It stayed exactly the same
  • B.It fell to almost nothing
  • C.It rose as planters grew more cotton
7.In colonial towns a blacksmith set his own prices and kept his profits. What is this system called?
  • A.Free enterprise
  • B.Rationing
  • C.A royal monopoly
8.Why did railroads often lower their prices where two railroad companies served the same town?
  • A.Competition for customers pushed prices down
  • B.The government made all prices equal
  • C.Trains cost nothing to run there

LessonPrint · D2.Eco.7.3-5 · Set 10 · free to copy for classroom use

Answer key — Supply and Demand in American History

Set 10. Prints on its own sheet.

  1. 1.They rose, because goods were scarce
  2. 2.They fell, because demand dropped
  3. 3.Enslaved people, who were never paid
  4. 4.To sell goods to miners and earn a profit
  5. 5.It grew
  6. 6.It rose as planters grew more cotton
  7. 7.Free enterprise
  8. 8.Competition for customers pushed prices down

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