2. Topic 2(COLON) Demand, Supply and the Price Mechanism
Lesson 2.3: Market Equilibrium And Disequilibrium — Quiz
Test your understanding of lesson 2.3: market equilibrium and disequilibrium with 5 practice questions.
Practice Questions
Question 1
What is the equilibrium price in a market?
Question 2
What occurs in a market when there is excess demand?
Question 3
How does an increase in supply affect equilibrium price?
Question 4
What does a rightward shift of the demand curve indicate?
Question 5
What happens when both demand and supply curves shift to the left?