Market Equilibrium and disequilibrium
Assessment
•
Aimee Ross
•
Business
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9th - 11th Grade
•
415 plays
•
Medium
Student preview
11 questions
Show answers
1.
Multiple Choice
Define market equilibrium
Where quantity demanded is less than quantity supplied
Where quantity demanded is greater than quantity supplied
Where quantity demanded is equal to quantity supplied
2.
Multiple Choice
Define a shortage
Where quantity demanded is less than quantity supplied
Where quantity demanded is greater than quantity supplied
Where quantity demanded is equal to quantity supplied
3.
Multiple Choice
Define a surplus
Where quantity demanded is less than quantity supplied
Where quantity demanded is greater than quantity supplied
Where quantity demanded is equal to quantity supplied
4.
Multiple Choice
Which statement below would be the most correct to describe the equilibrium price?
$600
$600 per month
$500 per month
$700
5.
Multiple Choice
Which statement below would be the most correct to describe the equilibrium quantity ?
15 rental houses
15000
15000 rental houses
15
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