POSTCAP EQUILIBRIUM

POSTCAP EQUILIBRIUM

9th - 12th Grade

10 Qs

quiz-placeholder

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POSTCAP EQUILIBRIUM

POSTCAP EQUILIBRIUM

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

SALMA KHANCHEY

Used 11+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Point at which supply and demand come together

price ceiling
excess demand
equilibrium
disequilibrium

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When quantity supplied exceeds quantity demanded at a certain price.

shortage
fad
search costs
surplus

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When quantity demanded exceeds quantity supplied at a certain cost

shortage
fad
search costs
surplus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business conducted without regard for government controls

rationing
black market
supply shock
free market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is another name for excess demand?

shortage
surplus
equilibrium
disequilibrium

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is another name for excess supply?

shortage
surplus
equilibrium
disequilibrium

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