Market Equilibrium
Authored by Kayla DiDonato
History
12th Grade
Used 1+ times
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5 questions
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1.
OPEN ENDED QUESTION
10 mins • 1 pt
Solve for x: x - 6 = -2x + 3
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Solve for t: 12 + t = 30 + 3t
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3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Fill in the blank: The market equilibrium price of a product is an agreement between ________ and producer.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rewrite the following in an equation format:
Qs = 400 + 2p
Qd = 200 + 3p
Qs = Qd
400 - 2p = 200 + 3p
400 + 2p = 200 - 3p
400 + 2p = 200 + 3p
5.
OPEN ENDED QUESTION
3 mins • 1 pt
A company sells 300 candles for $2 each every month but wants to begin selling 200 candles for $5 each every month. With this new information, calculate the new supply and demand quantity price.
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