Equilibrium
Authored by Kyle Anderson
Social Studies
12th Grade
Used 1K+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these best defines equilibrium in a market?
a situation in which quantity supplied is greater than quantity demanded
a situation in which quantity demanded is greater than quantity supplied
a situation in which quantity supplied and quantity demanded are equal
a situation where a minimum price is set
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which the quantity supplied is greater than the quantity demanded is
a shortage
a surplus
a price floor
a price ceiling
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which quantity demanded is greater than quantity supplied is
a shortage
a surplus
a price floor
a price ceiling
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market forces are best described as
supply and demand determining prices
the government set a minimum price for corn so farmers can make more money
the government setting a maximum price on gas so people can save money
a group of buyers and sellers for a particular good or service
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which a minimum price is set is referred to as
a shortage
a surplus
a price ceiling
a price floor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which a maximum price is set is referred to as
a shortage
a surplus
a price ceiling
a price floor
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following demonstrates price equilibrium?
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
