Multiple Choice Questions

excess supply
  • Both excess supply and excess demand are a result of
  • Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
  • What happens when the quantity of goods is higher than demand?
  • On a graph, a(n) shows the demand portion of equilibrium.
supply and demand are out of balance.
  • Which occurs during market equilibrium? Check all that apply.
  • On a graph, a(n) shows the demand portion of equilibrium.
  • Disequilibrium occurs when
  • On a graph, an equilibrium point is where
disequilibrium.
  • What happens when the quantity of goods is higher than demand?
  • Which occurs during market equilibrium? Check all that apply.
  • Both excess supply and excess demand are a result of
  • On a graph, a(n) shows the demand portion of equilibrium.
15
  • On a graph, a(n) shows the demand portion of equilibrium.
  • A limited amount of goods available means that excess is occurring.
  • How many goods must be supplied to achieve equilibrium?
  • Supply and demand coordinate to determine prices by working
Supply and demand meet at a specific quantity.Supply and demand meet at a specific price.
  • Disequilibrium occurs when
  • Which occurs during market equilibrium? Check all that apply.
  • What happens when the quantity of goods is higher than demand?
  • Both excess supply and excess demand are a result of
demand
  • On a graph, a(n) shows the demand portion of equilibrium.
  • A limited amount of goods available means that excess is occurring.
  • Supply and demand coordinate to determine prices by working
  • What happens when the quantity of goods is higher than demand?
together
  • A limited amount of goods available means that excess is occurring.
  • Supply and demand coordinate to determine prices by working
  • What happens when the quantity of goods is higher than demand?
  • On a graph, a(n) shows the demand portion of equilibrium.
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Multiple Choice Questions
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