
Price determination 20 feb
Quiz
•
Arts
•
11th Grade
•
Easy
nirvair nanda
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Excess demand
Competition between
Buyers
Sellers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Excess supply
Competition between
Buyers
Sellers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Excess demand
Prices
Decrease
Increase
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Excess supply
Price
Increases
Decrease
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When increase in demand=increase in supply
Price
Increase
Decrease
Constant
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When demand is constant and supply increase then
Equilibrium price
Increases
Decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When supply constant and demand decrease
Equilibrium price will
Increases
Decrease
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