

equilibrium
Presentation
•
Social Studies
•
12th Grade
•
Medium
Kendrick Broadus
Used 21+ times
FREE Resource
57 Slides • 16 Questions
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by Kendrick Broadus
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Multiple Choice
A situation in which the quantity supplied is greater than the quantity demanded is
a shortage
a surplus
a price floor
a price ceiling
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Multiple Choice
Which of these best defines equilibrium in a market?
a situation in which quantity supplied is greater than quantity demanded
a situation in which quantity demanded is greater than quantity supplied
a situation in which quantity supplied and quantity demanded are equal
a situation where a minimum price is set
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Multiple Choice
A situation in which the quantity supplied is greater than the quantity demanded is
a shortage
a surplus
a price floor
a price ceiling
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Multiple Choice
A situation in which quantity demanded is greater than quantity supplied is
a shortage
a surplus
a price floor
a price ceiling
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Multiple Choice
Market forces are best described as
supply and demand determining prices
the government set a minimum price for corn so farmers can make more money
the government setting a maximum price on gas so people can save money
a group of buyers and sellers for a particular good or service
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Multiple Choice
A situation in which a minimum price is set is referred to as
a shortage
a surplus
a price ceiling
a price floor
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Multiple Choice
A situation in which a maximum price is set is referred to as
a shortage
a surplus
a price ceiling
a price floor
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Multiple Select
Which of the following demonstrates price equilibrium?
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Multiple Choice
Which of these demonstrates a surplus of goods?
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Multiple Choice
Which of these demonstrates a shortage of goods?
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Multiple Choice
Which of these best defines equilibrium in a market?
a situation in which quantity supplied is greater than quantity demanded
a situation in which quantity demanded is greater than quantity supplied
a situation in which quantity supplied and quantity demanded are equal
a situation where a minimum price is set
69
Multiple Choice
A situation in which quantity demanded is greater than quantity supplied is
a shortage
a surplus
a price floor
a price ceiling
70
Multiple Choice
Market forces are best described as
supply and demand determining prices
the government set a minimum price for corn so farmers can make more money
the government setting a maximum price on gas so people can save money
a group of buyers and sellers for a particular good or service
71
Multiple Choice
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Multiple Choice
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Multiple Choice
Price is currently above equilibrium. This will create excess__________. We would expect price to ___________.
demand; increase
demand; decrease
supply; increase
supply; decrease
by Kendrick Broadus
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