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  • Exercise Equilibrium Price

    Enviado por

    Lijo Pv
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    An exercise for the students to practice answering questions for the exam.

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    An exercise for the students to practice answering questions for the exam.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    41 visualizações2 páginas

    Exercise Equilibrium Price

    Enviado por

    Lijo Pv
    An exercise for the students to practice answering questions for the exam.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 2

    Exercise: Economics 3.

    What is the quantity of chocolate bars traded at this price in


    1. Using the above table state at which price demand equals the market?
    supply? 4. At which prices in the table is there an excess demand for
    2. Find the market price of chocolate bars using your demand and chocolate bars?
    supply curves 5. At which prices in the table is there an excess supply for
    3. What is the quantity of chocolate bars traded at this price in chocolate bars?
    the market? 6. If there is an excess demand what do you think will happen to
    4. At which prices in the table is there an excess demand for the price of chocolate bars?
    chocolate bars? 7. If there is excess supply what do you think will happen to their
    5. At which prices in the table is there an excess supply for price?
    chocolate bars? 8. At which price will there be no excess demand or supply?
    6. If there is an excess demand what do you think will happen to
    the price of chocolate bars?
    7. If there is excess supply what do you think will happen to their
    price?
    8. At which price will there be no excess demand or supply?
    Exercise: Economics
    Exercise: Economics 1. Using the above table state at which price demand equals
    1. Using the above table state at which price demand equals supply?
    supply? 2. Find the market price of chocolate bars using your demand and
    2. Find the market price of chocolate bars using your demand and supply curves
    supply curves 3. What is the quantity of chocolate bars traded at this price in
    3. What is the quantity of chocolate bars traded at this price in the market?
    the market? 4. At which prices in the table is there an excess demand for
    4. At which prices in the table is there an excess demand for chocolate bars?
    chocolate bars? 5. At which prices in the table is there an excess supply for
    5. At which prices in the table is there an excess supply for chocolate bars?
    chocolate bars? 6. If there is an excess demand what do you think will happen to
    6. If there is an excess demand what do you think will happen to the price of chocolate bars?
    the price of chocolate bars? 7. If there is excess supply what do you think will happen to their
    7. If there is excess supply what do you think will happen to their price?
    price? 8. At which price will there be no excess demand or supply?
    8. At which price will there be no excess demand or supply?
    Exercise: Economics
    Exercise: Economics 1. Using the above table state at which price demand equals
    1. Using the above table state at which price demand equals supply?
    supply? 2. Find the market price of chocolate bars using your demand and
    2. Find the market price of chocolate bars using your demand and supply curves
    supply curves 3. What is the quantity of chocolate bars traded at this price in
    the market?
    4. At which prices in the table is there an excess demand for 3. What is the quantity of chocolate bars traded at this price in
    chocolate bars? the market?
    5. At which prices in the table is there an excess supply for 4. At which prices in the table is there an excess demand for
    chocolate bars? chocolate bars?
    6. If there is an excess demand what do you think will happen to 5. At which prices in the table is there an excess supply for
    the price of chocolate bars? chocolate bars?
    7. If there is excess supply what do you think will happen to their 6. If there is an excess demand what do you think will happen to
    price? the price of chocolate bars?
    8. At which price will there be no excess demand or supply? 7. If there is excess supply what do you think will happen to their
    price?
    Exercise: Economics 8. At which price will there be no excess demand or supply?
    1. Using the above table state at which price demand equals
    supply?
    2. Find the market price of chocolate bars using your demand and
    supply curves

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