Supply, Demand and Price is a free printable Grade 3 to Grade 5 social studies worksheet on how supply and demand set prices and profits, 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 1 of 25 · the same problems every time you open this link.
1.Madam C. J. Walker made and sold hair-care products for Black women. What did she build?
A.A city park
B.A railroad across the country
C.A large business with thousands of sales agents
2.A store still has many winter coats in spring. What does it usually do?
A.Throws the coats away
B.Lowers the price to sell them
C.Raises the price
3.Many people want a new toy, but stores have only a few. What happens to the price?
A.It goes down
B.It becomes free
C.It goes up
4.Two stores sell the same pencils. One lowers its price. What will many shoppers do?
A.Stop buying pencils forever
B.Buy their pencils at the cheaper store
C.Pay more at the other store
5.Henry Ford's assembly line made cars much cheaper. What happened next?
A.Many more families could afford cars and bought them
B.Fewer people wanted cars
C.Cars were banned
6.Mia sells 10 bracelets for $2 each. Her beads cost $8. What is her profit?
A.$28
B.$20
C.10 × $2 = $20; $20 − $8 = $12
7.Why do businesses want to make a profit?
A.Profit closes the business
B.Profit makes customers pay taxes
C.Profit pays the owner and helps the business grow
8.Theo sells 5 drawings for $3 each and spends $4 on paper. What is his profit?
A.5 × $3 = $15; $15 − $4 = $11
B.$15
C.$19
LessonPrint · D2.Eco.7.3-5 · Set 1 · free to copy for classroom use
Answer key — Supply, Demand and Price
Set 1. Prints on its own sheet.
1.A large business with thousands of sales agents
2.Lowers the price to sell them
3.It goes up
4.Buy their pencils at the cheaper store
5.Many more families could afford cars and bought them
6.10 × $2 = $20; $20 − $8 = $12
7.Profit pays the owner and helps the business grow
8.5 × $3 = $15; $15 − $4 = $11
Questions about Supply, Demand and Price
What does the Supply, Demand and Price worksheet cover?
It practices how supply and demand set prices and profits — 8 questions for Grade 3 to Grade 5, all on C3 Framework D2.Eco.7.3-5: Explain how the chance of profit changes what sellers do. The instruction to students is “Circle the best answer”, and the answer key follows on the next sheet.
Which C3 Framework indicator does Supply, Demand and Price practice?
D2.Eco.7.3-5, under Economics for Grade 3 to Grade 5. The published indicator reads: “Explain how profits influence sellers in markets.” The worksheet assesses that indicator rather than a paraphrase of it.
What age or grade is this worksheet for?
Supply, Demand and Price is written for Grade 3 to Grade 5, typically ages 40-41. It is one of the sheets on D2.Eco.7.3-5, so it suits any student working at that standard — including older students revisiting it and younger ones working ahead.
Does Supply, Demand and Price come with an answer key?
Yes. All 8 answers are generated from the same problems as the questions, so the key cannot drift out of step with the sheet. It starts on a fresh sheet of paper, after the questions, so it is not handed out with the class by accident.
How many different versions of Supply, Demand and Price can I print?
25 — one per student, and all 25 ask different questions. Set 1 downloads the whole class as a single PDF. Every version is fixed to its own address, so a sheet printed today holds the same problems when you reopen it next week.
Is Supply, Demand and Price free to print and photocopy?
Yes. Supply, Demand and Price, its answer key and its 25 versions are free to print and photocopy for your own class, with no account, no email capture and no subscription at the download step. Please do not resell them or republish them as your own.
More practice for D2.Eco.7.3-5
Explain how the chance of profit changes what sellers do.