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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 7 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.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 stayed exactly the same
  • C.It fell, and the whaling industry shrank
2.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
3.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
4.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
5.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
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.Ships were not needed for trade
  • C.The king paid for every ship
7.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 fell to almost nothing
  • C.Prices rose very high
8.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 grew
  • C.It fell to zero

LessonPrint · D2.Eco.7.3-5 · Set 7 · free to copy for classroom use

Answer key — Supply and Demand in American History

Set 7. Prints on its own sheet.

  1. 1.It fell, and the whaling industry shrank
  2. 2.To sell goods to miners and earn a profit
  3. 3.It rose as planters grew more cotton
  4. 4.Enslaved people, who were never paid
  5. 5.Free enterprise
  6. 6.Trade was growing and forests supplied cheap timber
  7. 7.Prices rose very high
  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.