What is the Equilibrium Price?
ECO162- CHAPTER 4
University
•16 Qs
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ECO162- CHAPTER 4
Quiz
•
Education
•
University
•
Easy
WAN IBRAHIM
Used 410+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
1
2
3
4
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the Equilibrium Quantity?
50
60
70
80
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When quantity supplied is smaller than quantity demanded, you have a ____________.
shortage
surplus
deficit
equilibrium
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Point at which supply and demand curve intersect each other
price ceiling
excess demand
equilibrium
disequilibrium
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these demonstrates a surplus of goods?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these demonstrates a shortage of goods?
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following demonstrates price equilibrium?
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