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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 2 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.New England merchants built many ships in the 1700s. Why was shipbuilding profitable there?
  • A.Ships were not needed for trade
  • B.Trade was growing and forests supplied cheap timber
  • C.The king paid for every ship
2.In the early 1930s many people had little money. What happened to the prices farmers got for crops?
  • A.They fell, because demand dropped
  • B.They doubled every year
  • C.They rose, because everyone was rich
3.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
4.After kerosene from oil became cheap in the 1860s, what happened to the demand for whale oil?
  • A.It stayed exactly the same
  • B.It rose, and whaling grew
  • C.It fell, and the whaling industry shrank
5.In 1849 thousands of miners crowded into California camps with few stores. What happened to the price of flour and shovels?
  • A.They were given away free
  • B.Prices rose very high
  • C.Prices fell to almost nothing
6.During World War II the demand for tanks and planes soared. How did car factories respond?
  • A.They closed for the whole war
  • B.They switched to making war supplies
  • C.They made more cars than ever
7.In colonial towns a blacksmith set his own prices and kept his profits. What is this system called?
  • A.Rationing
  • B.A royal monopoly
  • C.Free enterprise
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.Paid factory workers in the North
  • C.The planters themselves, alone

LessonPrint · D2.Eco.7.3-5 · Set 2 · free to copy for classroom use

Answer key — Supply and Demand in American History

Set 2. Prints on its own sheet.

  1. 1.Trade was growing and forests supplied cheap timber
  2. 2.They fell, because demand dropped
  3. 3.Competition for customers pushed prices down
  4. 4.It fell, and the whaling industry shrank
  5. 5.Prices rose very high
  6. 6.They switched to making war supplies
  7. 7.Free enterprise
  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.