Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

5 Questions

1 Views

Market Dynamics and Prices Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What occurs when supply is greater than demand in the market?

Excess supply (correct)

Equilibrium

Market balance

High demand

What is the signaling function in the market?

The effect of inflation on buying habits

The role of competition in setting prices

How prices inform production decisions (correct)

The ability of consumers to influence supply

When prices fall in a market experiencing disequilibrium, what does it signal to consumers?

To wait for further price changes

To buy less

To stop purchasing

To buy more (correct)

Which function allows the market to adjust through changes in price?

<p>The market mechanism</p> Signup and view all the answers

In Nigeria, increased demand leads to which of the following market responses?

<p>Increase in supply</p> Signup and view all the answers

Market Dynamics and Prices Quiz

Choose a study mode

Podcast

Questions and Answers

What occurs when supply is greater than demand in the market?

What is the signaling function in the market?

When prices fall in a market experiencing disequilibrium, what does it signal to consumers?

Which function allows the market to adjust through changes in price?

In Nigeria, increased demand leads to which of the following market responses?

More Like This

Demand and Supply Basics Quiz

Market Dynamics and Disequilibrium

Supply and Demand Concepts Quiz

Supply and Demand Basics Quiz

Upgrade to continue