2.3 Determining Market Price Answers
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21
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Disequilibrium occurs when
A
quantity supplied is equal to quantity demanded.B
quantity supplied does not equal quantity demanded.C
supply coordinates with price.D
supply coordinates with quantity.22
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23
The graph shows a point of equilibrium.How many goods must be supplied to achieve equilibrium?
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152
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On a graph, an equilibrium point is where
A
a supply curve and a demand curve meet.B
a supply curve is higher than a demand curve.C
the supply and demand curves head up.D
the supply and demand curves head down.25
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