12th

grade

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Equilibrium

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10 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    It is an implicit agreement between the buyers and the sellers

    Equilibrium

    Surplus

    Shortage

    Waste

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which of the following happens when the Qs is greater than the Qd?

    Equilibrium

    Surplus

    Shortage

    Consumer surplus

  • 3. Multiple Choice
    30 seconds
    1 pt

    What happens if there is surplus?

    Sellers offer their products by lowering the price

    Sellers offer their products by raising the price

    Buyers are easy to find

    Sellers stick to the price they are offering

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