Equilibrium & Price controls

Equilibrium & Price controls

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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19 questions

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1.

FLASHCARD QUESTION

Front

A market is at ______________ when quantity supplied equals quantity demanded.

Back

Equilibrium

2.

FLASHCARD QUESTION

Front

If a product becomes very popular, the demand will

Back

increase

3.

FLASHCARD QUESTION

Front

On a market graph, you will always see the title, quantity, and _______________

Back

price

4.

FLASHCARD QUESTION

Front

Price Ceilings are usually _______ the equilibrium.

Back

below

5.

FLASHCARD QUESTION

Front

Price Floors are usually ________ the equilibrium.

Back

above

6.

FLASHCARD QUESTION

Front

Price ceilings are the _____________ a seller/company can charge

Back

maximum price

7.

FLASHCARD QUESTION

Front

Price Floors usually result in....

Back

raising price

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