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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.

Set 16 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 and Demand in American History

D2.Eco.7.3-5

NameDate

Circle the best answer.

1.In colonial towns a blacksmith set his own prices and kept his profits. What is this system called?
  • A.Free enterprise
  • B.A royal monopoly
  • C.Rationing
2.Why did railroads often lower their prices where two railroad companies served the same town?
  • A.The government made all prices equal
  • B.Competition for customers pushed prices down
  • C.Trains cost nothing to run there
3.When Henry Ford's assembly line made cars cheaper, what happened to the number of people buying cars?
  • A.It grew
  • B.It fell to zero
  • C.It stayed the same
4.Why did merchants such as Levi Strauss open stores in San Francisco during the Gold Rush?
  • A.Because the government ordered them to
  • B.To dig for gold themselves
  • C.To sell goods to miners and earn a profit
5.During World War II the demand for tanks and planes soared. How did car factories respond?
  • A.They switched to making war supplies
  • B.They made more cars than ever
  • C.They closed for the whole war
6.New England merchants built many ships in the 1700s. Why was shipbuilding profitable there?
  • A.Trade was growing and forests supplied cheap timber
  • B.The king paid for every ship
  • C.Ships were not needed for trade
7.After the cotton gin made cleaning cotton faster, what happened to Southern planters' demand for land and enslaved labor?
  • A.It rose as planters grew more cotton
  • B.It stayed exactly the same
  • C.It fell to almost nothing
8.Cotton planters earned large profits in the 1850s. Who did the work that produced those profits?
  • A.Enslaved people, who were never paid
  • B.The planters themselves, alone
  • C.Paid factory workers in the North

LessonPrint · D2.Eco.7.3-5 · Set 16 · free to copy for classroom use

Answer key — Supply and Demand in American History

Set 16. Prints on its own sheet.

  1. 1.Free enterprise
  2. 2.Competition for customers pushed prices down
  3. 3.It grew
  4. 4.To sell goods to miners and earn a profit
  5. 5.They switched to making war supplies
  6. 6.Trade was growing and forests supplied cheap timber
  7. 7.It rose as planters grew more cotton
  8. 8.Enslaved people, who were never paid

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