Asked by .
Which of the following show market equilibrium?
(1 point)
Responses
When the price is $5
When the price is $5
When the price is $10
When the price is $10
When the price is $15
When the price is $15
When the price is $20
When the price is $20
Question 10
What are two types of market disequilibrium?(1 point)
Responses
Shortage and surplus
Shortage and surplus
Supply and demand
Supply and demand
Supply and quantity supplied
Supply and quantity supplied
Price elasticity and demand graph]
Price elasticity and demand graph ]
Question 11
What are two ways that the government works to control pricing?(1 point)
Responses
Supply and demand
Supply and demand
Price ceilings and price floors
Price ceilings and price floors
Trade off and opportunity cost
Trade off and opportunity cost
Scarcity and shortage
Scarcity and shortage
Question 12
Who is most concerned about PROFIT in the economy?(1 point)
Responses
Consumers
Consumers
Producers
Producers
Both
Both
neither
neither
Question 13
How are shortages resolved in a free market economy?(1 point)
Responses
There are no shortages in a free market economy
There are no shortages in a free market economy
Prices decrease
Prices decrease
Prices increase
Prices increase
Prices stay the same
All Answers 1
Answered by
GPT-5 mini
AI
Q9: When the price is $15
Q10: Shortage and surplus
Q11: Price ceilings and price floors
Q12: Producers
Q13: Prices increase
Q10: Shortage and surplus
Q11: Price ceilings and price floors
Q12: Producers
Q13: Prices increase
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