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Market Equilibrium Price Quizzes, Questions & Answers

Top Trending Market Equilibrium Price Quizzes


ECON 202: Economics Exam Trivia Quiz tests understanding of market dynamics like rent controls, price floors, and quotas. It assesses skills in analyzing economic graphs and tables, focusing on microeconomic principles and their...

Questions: 30  |  Attempts: 245   |  Last updated: Mar 21, 2025
  • Sample Question 1
    (Figure: Rent Controls) Examine the figure Rent Controls. If rent controls are imposed and the government wants them to be immediately effective, they will most likely be set at either _____ or _____.
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  • Sample Question 2
    The likely result of a price floor is a:
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  • Sample Question 3
    (Table: Quantity Supplied and Quantity Demanded) Examine the table Quantity Supplied and Quantity Demanded. The government institutes a price floor, and as a result, too many resources are allocated for the production of a good. The price floor in this market must be equal to:
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