Equilibrium
Business, Economic AS Level.
- Created by: Sam Milliken
- Created on: 04-10-10 17:53
Other questions in this quiz
2. Equilibrium is...
- The intersection between Price and Demand
- The intercetion between Quantity and Supply
- The intersection between Demand and Supply
- 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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