stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Seeking Equilibrium: Supply and Demand Flashcards | StudBud
Explore
/
Seeking Equilibrium: Supply and Demand
Seeking Equilibrium: Supply and Demand
7 terms
·
StudBud Administration
·
1,300 plays
5 Multiple Choice on Equilibrium
Flashcards
7 cards
F
Practice quiz
P
Host live
L
Questions
7
Answers
1
The result of Qs being greater than Qd is called
surplus
shortage
rationing
equilibrium
2
Doritos uses a popular song to advertise their Cool Ranch flavor in the Super Bowl. What happens to P*?
Unknown
Rises
Stays the Same
Falls
3
The two curves of a market demand and supply graph intersect at
four points
three points
two points
one point
4
A decrease in demand causes equilibrium prices to
rise
stay the same
fall
fluctuate
5
Dixie produces paper plates/cups, and the cost of paper has decreased. What happens to P*?
Increases
Falls
Unknown
Stays the Same
6
The situation in which the Qs of a good is equal to the Qd at that price is called
market shortage
market equilibrium
market surplus
market disequilibrium
7
The result of the Qd being greater than the Qs is called
shortage
rationing
equilibrium
surplus
