Other questions in this quiz

2. Equilibrium is...

  • The intercetion between Quantity and Supply
  • The intersection between Demand and Supply
  • The intersection between Price and Demand
  • The intersection between Price and Quantity

3. The Equilibrium shows the one piece at which the level demanded and supplied will be the same

  • True
  • False

4. At all other prices the market is..

  • not an equilibrium
  • an equilibrium
  • an entrepreneur

5. When the market is not an equilibrium there will be excess supply or excess demand.

  • True
  • False

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