MCQ Questions
Q.1.
excess supply
  • 0%
    Both excess supply and excess demand are a result of
  • 0%
    Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
  • 0%
    What happens when the quantity of goods is higher than demand?
  • 0%
    On a graph, a(n) shows the demand portion of equilibrium.
Q.2.
supply and demand are out of balance.
  • 0%
    Which occurs during market equilibrium? Check all that apply.
  • 0%
    On a graph, a(n) shows the demand portion of equilibrium.
  • 0%
    Disequilibrium occurs when
  • 0%
    On a graph, an equilibrium point is where
Q.3.
disequilibrium.
  • 0%
    What happens when the quantity of goods is higher than demand?
  • 0%
    Which occurs during market equilibrium? Check all that apply.
  • 0%
    Both excess supply and excess demand are a result of
  • 0%
    On a graph, a(n) shows the demand portion of equilibrium.
Q.4.
15
  • 0%
    On a graph, a(n) shows the demand portion of equilibrium.
  • 0%
    A limited amount of goods available means that excess is occurring.
  • 0%
    How many goods must be supplied to achieve equilibrium?
  • 0%
    Supply and demand coordinate to determine prices by working
Q.5.
Supply and demand meet at a specific quantity.Supply and demand meet at a specific price.
  • 0%
    Disequilibrium occurs when
  • 0%
    Which occurs during market equilibrium? Check all that apply.
  • 0%
    What happens when the quantity of goods is higher than demand?
  • 0%
    Both excess supply and excess demand are a result of
Q.6.
demand
  • 0%
    On a graph, a(n) shows the demand portion of equilibrium.
  • 0%
    A limited amount of goods available means that excess is occurring.
  • 0%
    Supply and demand coordinate to determine prices by working
  • 0%
    What happens when the quantity of goods is higher than demand?
Q.7.
together
  • 0%
    A limited amount of goods available means that excess is occurring.
  • 0%
    Supply and demand coordinate to determine prices by working
  • 0%
    What happens when the quantity of goods is higher than demand?
  • 0%
    On a graph, a(n) shows the demand portion of equilibrium.