422705
Beschreibung
Quiz von jackexamtime, aktualisiert more than 1 year ago
|
Erstellt von jackexamtime
vor mehr als 10 Jahre
|
|
Frage 1
Frage
How do you arrive at equilibrium?
Antworten
-
It is where supply exceeds demand
-
It is where demand is equal to supply
-
It is where demand exceeds supply
Frage 2
Frage
Why is equilibrium important to consumers?
Antworten
-
Consumers want to know the price level
-
Consumers do not want shortages of goods they demand
-
Consumers do not want excess supply
Frage 3
Frage
When there is excess supply:
Antworten
-
There is downward pressure on prices
-
There is upward pressure on prices
-
There is downward pressure on quantity supplied
Frage 4
Frage
When demand increases:
Antworten
-
The equilibrium price decreases, and the equilibrium quantity decreases
-
The equilibrium price decreases, and the equilibrium quantity increases
-
The equilibrium price increases, and the equilibrium quantity increases
Frage 5
Frage
When demand decreases:
Antworten
-
The equilibrium price increases, and the equilibrium quantity increases
-
The equilibrium price increases, and the equilibrium quantity decreases
-
The equilibrium price decreases, and the equilibrium quantity decreases
-
The equilibrium price decreases, and the equilibrium quantity increases
Frage 6
Frage
When supply decreases:
Antworten
-
The equilibrium price increases, and the equilibrium quantity increases
-
The equilibrium price decreases, and the equilibrium quantity decreases
-
The equilibrium price decreases, and the equilibrium quantity increases
-
The equilibrium price increase, and the equilibrium quantity decreases
Frage 7
Frage
When supply increases:
Antworten
-
The equilibrium price increases, and the equilibrium quantity decreases
-
The equilibrium price decreases, and the equilibrium quantity decreases
-
The equilibrium price increases, and the equilibrium quantity increases
-
The equilibrium price decreases, and the equilibrium quantity increases
Möchten Sie mit GoConqr kostenlos Ihre eigenen Quiz erstellen? eigenen Mehr erfahren.