Home / Social Studies / Printables / Grade 3 to Grade 5 / Supply and Demand in American History 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 23 of 25 · the same problems every time you open this link.
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Supply and Demand in American History D2.Eco.7.3-5
Name Date
Circle the best answer.
1. Cotton planters earned large profits in the 1850s. Who did the work that produced those profits?
A. Paid factory workers in the North B. The planters themselves, alone C. Enslaved people, who were never paid 2. In colonial towns a blacksmith set his own prices and kept his profits. What is this system called?
A. A royal monopoly B. Free enterprise C. Rationing 3. 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 grew C. It stayed the same 4. When the Union navy blockaded Southern ports in the Civil War, what happened to prices in the South?
A. They rose, because goods were scarce B. They fell, because there were extra goods C. They stayed the same 5. 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 6. 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 7. 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 8. Why did railroads often lower their prices where two railroad companies served the same town?
A. Trains cost nothing to run there B. Competition for customers pushed prices down C. The government made all prices equal LessonPrint · D2.Eco.7.3-5 · Set 23 · free to copy for classroom use
Answer key — Supply and Demand in American History Set 23. Prints on its own sheet.
1. Enslaved people, who were never paid 2. Free enterprise 3. It grew 4. They rose, because goods were scarce 5. They fell, because demand dropped 6. It rose as planters grew more cotton 7. Trade was growing and forests supplied cheap timber 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.