UNIT 02 / SUPPLY AND DEMAND

Market Disequilibrium and Changes in Equilibrium2.7 test

100 questions with explanations after each answer.

Practice mode

QUESTION 01 / 100Easy

A shortage exists at a given price when

Select one answerAQuantity demanded equals quantity suppliedBQuantity demanded exceeds quantity suppliedCQuantity supplied exceeds quantity demandedDDemand decreases while supply remains fixedESupply increases while demand remains fixed

Submit your answer to see the explanation.

1 of 100

A wrong answer is a useful starting point. Read the explanation, then keep going.

Question 1