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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 20 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.When Henry Ford's assembly line made cars cheaper, what happened to the number of people buying cars?
  • A.It stayed the same
  • B.It fell to zero
  • C.It grew
2.In colonial towns a blacksmith set his own prices and kept his profits. What is this system called?
  • A.A royal monopoly
  • B.Rationing
  • C.Free enterprise
3.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 rose, because everyone was rich
  • C.They doubled every year
4.When the Union navy blockaded Southern ports in the Civil War, what happened to prices in the South?
  • A.They fell, because there were extra goods
  • B.They stayed the same
  • C.They rose, because goods were scarce
5.Cotton planters earned large profits in the 1850s. Who did the work that produced those profits?
  • A.Paid factory workers in the North
  • B.Enslaved people, who were never paid
  • C.The planters themselves, alone
6.In 1849 thousands of miners crowded into California camps with few stores. What happened to the price of flour and shovels?
  • A.Prices fell to almost nothing
  • B.Prices rose very high
  • C.They were given away free
7.Why did merchants such as Levi Strauss open stores in San Francisco during the Gold Rush?
  • A.To dig for gold themselves
  • B.Because the government ordered them to
  • C.To sell goods to miners and earn a profit
8.After kerosene from oil became cheap in the 1860s, what happened to the demand for whale oil?
  • A.It rose, and whaling grew
  • B.It fell, and the whaling industry shrank
  • C.It stayed exactly the same

LessonPrint · D2.Eco.7.3-5 · Set 20 · free to copy for classroom use

Answer key — Supply and Demand in American History

Set 20. Prints on its own sheet.

  1. 1.It grew
  2. 2.Free enterprise
  3. 3.They fell, because demand dropped
  4. 4.They rose, because goods were scarce
  5. 5.Enslaved people, who were never paid
  6. 6.Prices rose very high
  7. 7.To sell goods to miners and earn a profit
  8. 8.It fell, and the whaling industry shrank

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