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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Equilibrium is defined when
A
supply is limited and demand decreases.B
supply and demand meet.C
demand is higher than supply.D
supply is higher than demand.23
Which occurs during market equilibrium? Select two options.
A
Supply and demand meet at a specific price.B
Supply is slightly greater than demand.C
Supply and demand meet at a specific quantity.D
Supply and demand meet at a demand point.E
Supply and demand meet at a supply point.24
The graph shows excess demand.Which needs to happen in order to stop disequilibrium from occurring?
A
Q needs to be coordinated with supply.B
Q needs to be coordinated with demand.C
The price of goods needs to be increased.D
The price of goods needs to be decreased.Did you find these answers helpful?
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