Multiple Choice
Which of the following is NOT true about the equilibrium price?
A) the price where a change in quantity supplied occurs
B) the price where the demand curve intersects the supply curve
C) the price where quantity demanded equals quantity supplied
D) the price where there is neither excess quantity demanded or excess quantity supplied
Correct Answer:
Verified
Correct Answer:
Verified
Q173: Which of the following will shift the
Q174: A shift in demand occurs when<br>A) the
Q175: Which of the following factors will lead
Q176: According to the law of demand<br>A) people
Q177: When a surplus exists<br>A) the price is
Q179: When the amount supplied is greater at
Q180: An increase in the price of input
Q181: Which of the following are complementary goods?<br>A)
Q182: Total market demand can be calculated by<br>A)
Q183: Which of the following statements is consistent