Combining Supply & Demand

Combining Supply & Demand

Mrs. Stuart

Multiple Choice

This occurs when the quantity demanded equals the quantity supplied.

• Stability

• Balance

• Equilibrium

• None of these

Multiple Choice

What is it called when the quantity demanded does not equal the quantity supplied?

• Unbalanced

• Unregulated

• Equlibrium

• Disequilibrium

Open Ended

How is the state of gas right now an example of disequilibrium?

Multiple Choice

Excess demand is good for consumers.

• True

• False

Multiple Choice

What is it called when the quantity supplied is greater than the quantity demanded?

• Excess demand

• Excess supply

• equilibrium

• disequilibrium

Fill in the Blanks

A price

is the minimum price that can be legally charged for a good or service.

Fill in the Blanks

A price

is the maximum price that can be legally charged for a good.