Match each of the following terms and descriptions Question Disequilibrium A.When the price in the market is higher or lower than equililbruim price equilibrium B. at the existing price, quantity supplied exceeds the quantity demanded price control C. government does not let market forces dictate the price in market shortage D. quantity demanded equals quantity supplied surplus E. at the existing price the quantity demanded exceeds the quantity supplied Match each of the following phrase and scenario. Question Demand shifts to the right A. equilibruim price rises and equilibruim quantity falls Price is too high B. equilibruim prices falls and equililbruim quantity rises Price is too low C.video games consoles or concert tickets sell out within an hour Supply shifts to the left D. items remain on the shelf for long periods of time and stores must put them on sale Supply shifts to the right E. equilibruim price rises and equililbruim quantity rises match each of the following terms and descriptions
|
Match each of the following terms and descriptions |
|
||||||||
|
|
|||||||||
|
Question |
|
||||||||
|
Disequilibrium |
A.When the |
|
|||||||
|
equilibrium |
B. at the existing price, quantity supplied exceeds the quantity demanded |
|
|||||||
|
price control |
C. government does not let market forces dictate the price in market |
|
|||||||
|
shortage |
D. quantity demanded equals quantity supplied |
|
|||||||
|
surplus |
E. at the existing price the quantity demanded exceeds the quantity supplied |
|
|||||||
|
|
|||||||||
|
|
|||||||||
|
Match each of the following phrase and scenario. |
|
||||||||
|
|
|||||||||
|
Question |
|
||||||||
|
Demand shifts to the right |
A. equilibruim price rises and equilibruim quantity falls |
|
|||||||
|
Price is too high |
B. equilibruim prices falls and equililbruim quantity rises |
|
|||||||
|
Price is too low |
C.video games consoles or concert tickets sell out within an hour |
|
|||||||
|
Supply shifts to the left |
D. items remain on the shelf for long periods of time and stores must put them on sale |
||||||||
|
Supply shifts to the right |
E. equilibruim price rises and equililbruim quantity rises |
|
|||||||
|
match each of the following terms and descriptions |
|
||||||||
|
|
|||||||||
|
demand |
A. the intercection of price and demand curve |
|
|||||||
|
quantity demanded |
B. the Relationship between price and the quantity supplied of a certain good and services |
|
|||||||
|
Quantity supplied |
C. the relationship between price and quantity demanded of a certain good and services |
|
|||||||
|
Supply |
D. a determinant cause a new set of price and quanity combination |
|
|||||||
|
Shift |
E. the intersection of price and the supply curve |
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
