ECO162- CHAPTER 4

ECO162- CHAPTER 4

University

16 Qs

quiz-placeholder

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ECO162- CHAPTER 4

ECO162- CHAPTER 4

Assessment

Quiz

Education

University

Easy

Created by

WAN IBRAHIM

Used 418+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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What is the Equilibrium Price?
1
2
3
4

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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What is the Equilibrium Quantity?
50
60
70
80

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

shortage

surplus

deficit

equilibrium

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Point at which supply and demand curve intersect each other

price ceiling

excess demand

equilibrium

disequilibrium

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these demonstrates a surplus of goods?

Media Image
Media Image
Media Image
Media Image

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these demonstrates a shortage of goods?

Media Image
Media Image
Media Image
Media Image

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following demonstrates price equilibrium?

Media Image
Media Image
Media Image
Media Image

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