5 Questions
Market Equilibrium is achieved when ______ and ______ are the same
supply, demand
Market Disequilibrium is the ______ of equilibrium
opposite
A ______ is a place to buy, which doesn't have to be physical
market
A ______ occurs when there is more supply than demand
shortage
A ______ occurs when there is more demand than supply
surplus
Test your knowledge on the interaction of supply and demand and the concept of market equilibrium with this quiz! Learn about market disequilibrium, shortages, and surpluses, as well as strategies to address them. Challenge yourself to understand how price regulation and government intervention can affect the market.
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