Market Equilibrium
Description: This quiz will test your understanding of the concept of market equilibrium, where the quantity supplied and quantity demanded are equal. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: economics supply and demand market equilibrium |
In a market, the equilibrium price is the price at which:
If the price of a good or service is above the equilibrium price, what will happen?
If the price of a good or service is below the equilibrium price, what will happen?
A change in consumer preferences will cause the equilibrium price to:
A change in technology will cause the equilibrium price to:
A change in government policy will cause the equilibrium price to:
Which of the following is not a determinant of market equilibrium?
In a perfectly competitive market, the equilibrium price is:
In a monopoly market, the equilibrium price is:
In a monopolistically competitive market, the equilibrium price is:
In an oligopoly market, the equilibrium price is:
Which of the following is not a type of market structure?
In a market with externalities, the equilibrium price is:
Which of the following is not a type of externality?
Which of the following is not a policy that can be used to correct for market failures?