ECO P2

ECO P2

University

9 Qs

quiz-placeholder

Similar activities

Economics

Economics

University

10 Qs

Money and Interest Rates and The Payment System (Pre-test)

Money and Interest Rates and The Payment System (Pre-test)

University

10 Qs

mari menjawab kuis

mari menjawab kuis

2nd Grade - University

10 Qs

QUIZ MENTORING ICT

QUIZ MENTORING ICT

University

10 Qs

Quiz on Principles of Economics by Alfred Marshall

Quiz on Principles of Economics by Alfred Marshall

University

11 Qs

SHORTAGES OF REGISTERED NURSES IN MALAYSIA QUIZ

SHORTAGES OF REGISTERED NURSES IN MALAYSIA QUIZ

University

5 Qs

KUIS PERTAMA PKKMB FTTK 2024

KUIS PERTAMA PKKMB FTTK 2024

University

11 Qs

Introduction to Business Management Quiz

Introduction to Business Management Quiz

University

10 Qs

ECO P2

ECO P2

Assessment

Quiz

Others

University

Practice Problem

Hard

Created by

Joyce Macatlang

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a situation in which the price has reached the level where quantity supplied equals quantity demanded.

Market Equilibrium

Equilibrium Price

Equilibrium Quantity

Surplus

Supply Shortage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

agreeable price between the buyers and the sellers.

Market Equilibrium

Equilibrium Price

Equilibrium Quantity

Surplus

Supply Shortage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quantity supplied and quantity demanded at the equilibrium price

Market Equilibrium

Equilibrium Price

Equilibrium Quantity

Surplus

Supply Shortage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the market price is above the equilibrium value, there is an excess supply inthe market.

Market Equilibrium

Equilibrium Price

Equilibrium Quantity

Surplus

Supply Shortage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the market price is below the equilibrium value, then there is excess in demand.

Market Equilibrium

Equilibrium Price

Equilibrium Quantity

Surplus

Supply Shortage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a maximum price at which a certain product can be sold. It is set lower than equilibrium market price.

price ceiling

price floors

price controls

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the lowest legal price a certain commodity/ good can be sold. It is set higher than equilibrium market price.

price ceiling

price floors

price controls

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?