Question Practice

What occurs at a price above the equilibrium price?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA

Single Answer MCQ

Q-00089571

Excess demand

Equilibrium

Excess supply

Market stability

Video Explanation

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is market equilibrium?

Q2.

When does excess demand occur in a market?

Q3.

What is the equilibrium price in a perfectly competitive market?

Q4.

In a market with fixed number of firms, what happens to equilibrium supply when demand increases?