TOPIC 3 - MARKET EQUILIBRIUM

Quiz
•
Other
•
University
•
Hard
thaneshwary Balakirshnan
Used 4+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If both demand and supply curves shift rightward then equilibrium quantity increase
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A ___ ___ keeps prices form going any lower and causes a ___ ___ .
Price ceiling; Shortage
Price Ceiling; Surplus
Price Floor; Shortage
Price Floor; Surplus
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What are the method to determine equilibrium price and equilibrium quantity ?
Mathematical equation method
Table method
Graphical method
Non of above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A___ ___keeps prices form going any higher and causes a________ .
Price ceilling; Shortage
Price ceiling; Surplus
Price floor; Shortage
Price floor; Surplus
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The equilibrium price is the price level at which there is no surplus or shortage in the market
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Above graf shows as
Decreased demand
Increased demand
Increased supply
Decreased supply
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Above graf shows as
Decreased supply
Decreased demand
Increased demand
Increased supply
Create a free account and access millions of resources
Similar Resources on Wayground
20 questions
LGM 2213 - Chp 1

Quiz
•
University
21 questions
EQUILIBRIUM!

Quiz
•
9th Grade - University
20 questions
PERFECT COMPETITION AND MONOPOLY

Quiz
•
University
25 questions
Construction Economics

Quiz
•
University
20 questions
Price Elasticity of Supply

Quiz
•
University
20 questions
Inflation

Quiz
•
University
20 questions
The effect of Prices

Quiz
•
10th Grade - University
20 questions
3. MICRO-CH-4

Quiz
•
University
Popular Resources on Wayground
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
10 questions
"LAST STOP ON MARKET STREET" Vocabulary Quiz

Quiz
•
3rd Grade
19 questions
Fractions to Decimals and Decimals to Fractions

Quiz
•
6th Grade
16 questions
Logic and Venn Diagrams

Quiz
•
12th Grade
15 questions
Compare and Order Decimals

Quiz
•
4th - 5th Grade
20 questions
Simplifying Fractions

Quiz
•
6th Grade
20 questions
Multiplication facts 1-12

Quiz
•
2nd - 3rd Grade