3. The Market Forces of Supply and Demand

Which of the following is the main problem with using a market test as a forecasting tool in determining market equilibrium?

Which one of the following would NOT occur if the market price was above the market-clearing price?

In the context of market equilibrium, what is the relationship between quantity demanded and quantity supplied?

In the context of market equilibrium, the intersection of demand and supply determines the (one word) price for money. What is this price called?

In a large open economy, which of the following is the primary source of demand for loanable funds?

When consumer demand for a product is met by the available supply, the market has reached:

On a graph, an equilibrium point is where:

Given the following table of demand and supply schedules, what is the equilibrium price?| Price | Quantity Demanded | Quantity Supplied ||-------|-------------------|-------------------|| 2 | 100 | 40 || 4 | 80 | 80 || 6 | 60 | 120 || 8 | 40 | 160 |Select the correct equilibrium price from the options below.

Which of the following factors can influence the market price of common stock in a competitive market?

Which statement best explains the market theory of wage determination?

Refer to Figure 4-7. The equilibrium price and quantity are, respectively, which of the following?

In a competitive market, the equilibrium price is the price at which:

Which of the following must occur to prevent disequilibrium in a market?

Refer to Figure 14-1. The firm should shut down if the market price is:

In the context of market equilibrium, what type of real estate market is most likely to occur when both supply and demand are low?