Market equilibrium

Market equilibrium

By Shauna-Kay Herah

Multiple Choice

Point at which supply and demand curve intersect each other

• price ceiling

• excess demand

• equilibrium

• disequilibrium

Multiple Choice

What is the Equilibrium Price?

• 1
• 2
• 3
• 4

Multiple Choice

What is the Equilibrium Quantity?

• 50
• 60
• 70
• 80

Multiple Choice

What is the equilibrium quantity in this graph?

• $1.50
• $1.00
• 600
• 800

Multiple Choice

Equilibrium in a market means which of the following?

• the point at which quantity supplied and quantity demanded are the same
• the point at which unsold goods begin to pile up
• the point at which suppliers begin to reduce prices

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​Some text here about the topic of discussion.

Multiple Choice

Which of these demonstrates a surplus of goods?

Multiple Choice

Which of these demonstrates a shortage of goods?

Multiple Select

Which of the following demonstrates price equilibrium?

Multiple Choice

A situation in which the quantity supplied is greater than the quantity demanded is

• a shortage

• a surplus

• a price floor

• a price ceiling

Multiple Choice

When quantity supplied is smaller than quantity demanded, you have a ____________.

• shortage

• surplus

• deficit

• equilibrium

Multiple Choice

If the current price is $800, which of the following would be the best description for the situation that exists in the market

• There is a shortage of 12 houses

• There is a shortage of 12000 houses

• There is a surplus of 12

• There is a surplus of 12000 houses