JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.
When Supply and Demand Meet
Sign in to Google
to save your progress.
Learn more
* Indicates required question
Name and period
*
Your answer
1. What happens at the point where buyers and sellers agree? Use these terms in your answer: market equilibrium, equilibrium price, equilibrium quantity.
Your answer
2. Why do competitive markets move toward equilibrium?
Your answer
3. How is a balance scale used as a metaphor for equilibrium?
Your answer
4. Why was $5 the right price for the melons?
Your answer
5. What happens if the price of the melons are reduced below $5?
Your answer
6. Describe what happens if the farmer enters the market with too high of a price and then if the farmer enters the market with too low of a price?
Your answer
7. Why do some economists say that markets are governed by the laws of supply and demand?
Your answer
Submit
Clear form
Never submit passwords through Google Forms.
This content is neither created nor endorsed by Google.
Report Abuse
-
Terms of Service
-
Privacy Policy
Forms
