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Grade 5 · Social Studies · Economics

5th Grade Supply, Demand and Prices worksheets

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Supply, Demand and Prices

Grade 5 Social Studies Worksheet

NameDate

Read each story. Circle what will probably happen to the price.

  1. Stores are running out of strawberries. Very few are left to sell. What will probably happen to the price of strawberries?

    • goes up
    • goes down

  2. Stores ordered too many pumpkins, and now they have huge piles of them. What will probably happen to the price of pumpkins?

    • goes up
    • goes down

  3. Hardly anyone wants to buy umbrellas this month. What will probably happen to the price of umbrellas?

    • goes up
    • goes down

  4. A truck broke down, so only a small number of winter coats reached the stores this week. What will probably happen to the price of winter coats?

    • goes up
    • goes down

  5. A TV show made everyone want board games. Many more people are trying to buy them. What will probably happen to the price of board games?

    • goes up
    • goes down

  6. Shoppers have stopped buying notebooks, and stores cannot sell the ones they have. What will probably happen to the price of notebooks?

    • goes up
    • goes down

  7. A big shipment arrived, and stores now have more apples than they can sell. What will probably happen to the price of apples?

    • goes up
    • goes down

  8. A holiday is coming, and many families want to buy bicycles. What will probably happen to the price of bicycles?

    • goes up
    • goes down

  9. Stores are running out of sleds. Very few are left to sell. What will probably happen to the price of sleds?

    • goes up
    • goes down

  10. Stores ordered too many flowers, and now they have huge piles of them. What will probably happen to the price of flowers?

    • goes up
    • goes down

  11. Hardly anyone wants to buy backpacks this month. What will probably happen to the price of backpacks?

    • goes up
    • goes down

  12. A truck broke down, so only a small number of oranges reached the stores this week. What will probably happen to the price of oranges?

    • goes up
    • goes down
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5th Grade Supply, Demand and Prices worksheet 1 – printable PDF
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About this worksheet

In a market, the price of a good depends on supply, which is how much of it there is to sell, and demand, which is how many people want to buy it. When a good is scarce or when many people want it, its price tends to rise; when there is plenty of it or few people want it, the price tends to fall.

On this fifth grade sheet a child reads twelve short stories about goods in a store and circles whether the price will probably go up or go down. Every version has different goods and stories, and the answer key gives every answer.

What your child will learn

  • Know what supply and demand mean
  • See that less supply raises the price
  • See that more demand raises the price
  • See that more supply or less demand lowers the price

C3 Framework standard: D2.Eco.8.3-5

Worked example

A storm ruined most of the apples, so there are very few to sell. When supply goes down, the price goes up.

Common mistake

Thinking a good with a lot of buyers gets cheaper, when more demand pushes the price up.

Helpful hint

Ask two questions: is there more or less to sell, and do more or fewer people want it?

Earlier: Scarcity and Economic Choices

Questions parents ask

What is the most common mistake with supply, demand and prices?

Thinking a good with a lot of buyers gets cheaper, when more demand pushes the price up.

How can I help my child with supply, demand and prices?

Ask two questions: is there more or less to sell, and do more or fewer people want it?

Are these 5th grade social studies worksheets free to print?

Yes. All 6 printable versions on this page are free to download and print, with no account needed.

Similar: Income, Taxes, and Budgets · Scarcity and Economic Choices

More 5th grade economics

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