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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 3 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 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 rose, because goods were scarce
  • C.They stayed the same
2.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
3.After kerosene from oil became cheap in the 1860s, what happened to the demand for whale oil?
  • A.It fell, and the whaling industry shrank
  • B.It rose, and whaling grew
  • C.It stayed exactly the same
4.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
5.In the early 1930s many people had little money. What happened to the prices farmers got for crops?
  • A.They doubled every year
  • B.They fell, because demand dropped
  • 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 fell to almost nothing
  • C.It stayed exactly the same
7.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 made more cars than ever
  • C.They switched to making war supplies
8.When Henry Ford's assembly line made cars cheaper, what happened to the number of people buying cars?
  • A.It grew
  • B.It stayed the same
  • C.It fell to zero

LessonPrint · D2.Eco.7.3-5 · Set 3 · free to copy for classroom use

Answer key — Supply and Demand in American History

Set 3. Prints on its own sheet.

  1. 1.They rose, because goods were scarce
  2. 2.Trade was growing and forests supplied cheap timber
  3. 3.It fell, and the whaling industry shrank
  4. 4.Free enterprise
  5. 5.They fell, because demand dropped
  6. 6.It rose as planters grew more cotton
  7. 7.They switched to making war supplies
  8. 8.It grew

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