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Supply and Demand CE 12b Flashcards | StudBud
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Supply and Demand CE 12b
Supply and Demand CE 12b
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StudBud Administration
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CE 12b supply, demand, and equilibrium price.
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
Where supply and demand meet is known as the-
Price ceiling
Incentive price
Quantity price
Equilibrium price
2
Neither supply nor demand alone can set the price.
True
False
3
What is determined by the interaction of supply and demand?
Price
Incentives
Quantity
Consumer rates
4
The amount of a good or service that producers are willing and able to sell at a certain price-
Supply
Equilibrium
Demand
Quantity
5
The amount of goods & services that consumers are willing & able to by at different prices-
Quantity
Demand
Equilibrium price
Supply
6
When price changes, what else changes?
Tax
Quantity
Quality
Supply