Equilibrium

Question

How do you arrive at equilibrium?

Answer 1

It is where supply exceeds demand

Answer 2

It is where demand is equal to supply

Answer 3

It is where demand exceeds supply

Answer 4

Consumers want to know the price level

Answer 5

Consumers do not want shortages of goods they demand

Answer 6

Consumers do not want excess supply

Answer 7

There is downward pressure on prices

Answer 8

There is upward pressure on prices

Answer 9

There is downward pressure on quantity supplied

Answer 10

The equilibrium price decreases, and the equilibrium quantity decreases

Answer 11

The equilibrium price decreases, and the equilibrium quantity increases

Answer 12

The equilibrium price increases, and the equilibrium quantity increases

Answer 13

The equilibrium price increases, and the equilibrium quantity increases

Answer 14

The equilibrium price increases, and the equilibrium quantity decreases

Answer 15

The equilibrium price decreases, and the equilibrium quantity decreases

Answer 16

The equilibrium price decreases, and the equilibrium quantity increases

Answer 17

The equilibrium price increases, and the equilibrium quantity increases

Answer 18

The equilibrium price decreases, and the equilibrium quantity decreases

Answer 19

The equilibrium price decreases, and the equilibrium quantity increases

Answer 20

The equilibrium price increase, and the equilibrium quantity decreases

Answer 21

The equilibrium price increases, and the equilibrium quantity decreases

Answer 22

The equilibrium price decreases, and the equilibrium quantity decreases

Answer 23

The equilibrium price increases, and the equilibrium quantity increases

Answer 24

The equilibrium price decreases, and the equilibrium quantity increases

Resource summary

	Created by jackexamtime over 11 years ago

	Copied by eleanor.adamandi over 11 years ago