The quantity demanded will equal the quantity by Prof. Frank Levy

Question 4 / 43: The quantity demanded will equal the quantity supplied at a free market equilibrium and also when:

A a price floor is established above the equilibrium price.

B a shortage of a commodity persists.

C a price ceiling is established below the equilibrium price.

D an effective price ceiling exists and the government is able to prevent the development of
a black market.

E none of the above cause quantity demanded to equal quantity supplied.

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Microeconomics Practice MCQ

Author:

Prof.Frank LevyLecturer

Harvard Medical School

USA

Access: Public Instant Grading

Attribution: Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA

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