Market Equilibrium

Market Equilibrium

Assessment

Assessment

Created by

WAN IBRAHIM

Education

University

416 plays

Medium

Student preview

quiz-placeholder

10 questions

Show answers

1.

Multiple Choice

30 sec

1 pt

"holding all else equal, when the price of a good rises, suppliers increase their quantity supplied for that good"

law of supply

law of demand

law of equilibrium

opportunity cost

2.

Multiple Choice

30 sec

1 pt

the price where the quantity supplied equals the quantity demanded is known as

opportunity cost

demand curve

marginal analysis

market equilibrium

3.

Multiple Choice

30 sec

1 pt

When the quantity demanded is greater than the quantity supplied it is known as

equilibrium

a shortage

a surplus

an opportunity cost

4.

Multiple Choice

30 sec

1 pt

Any price where quantity demanded is not equal to the quantity supplied is known as disequilibrium.

true

false

5.

Multiple Choice

30 sec

1 pt

Which of the following is a way that a firm can eliminate a surplus?

raise prices

create a new product

offer a sale on the item

Explore all questions with a free account

or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?

Find a similar activity

Create activity tailored to your needs using

Quizizz AI
TEST 4. The Demand and Supply. PV

15 questions

TEST 4. The Demand and Supply. PV

assessment

University

ECO162

10 questions

ECO162

assessment

University

demand, supply and elasticiy

12 questions

demand, supply and elasticiy

assessment

University

Microeconomics : Government Policies II

15 questions

Microeconomics : Government Policies II

assessment

University

DPB10013-MICROECONOMICS (CHAPTER 3)

10 questions

DPB10013-MICROECONOMICS (CHAPTER 3)

assessment

University

MARKET EQUILIBRIUM

10 questions

MARKET EQUILIBRIUM

assessment

University

Market Equilibrium

10 questions

Market Equilibrium

assessment

University

Chapter 3 - MARKET DEMAND AND SUPPLY

10 questions

Chapter 3 - MARKET DEMAND AND SUPPLY

assessment

University