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CIPS A6 Exam - Topic 1 Question 41 Discussion

Which of the following best describes the concept of price equilibrium???
A) A price which will secure a company as many sales as its competitors
B) A price which will improve a country??s balance of trade with other countries
C) A price which will be achieved when the quantities demanded and supplied are the same
D) A price which will be acceptable to customers, directors and shareholders.

CIPS A6 Exam - Topic 1 Question 41 Discussion

Actual exam question for CIPS's A6 exam
Question #: 41
Topic #: 1
[All A6 Questions]

Which of the following best describes the concept of price equilibrium???

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Suggested Answer: A

by Melissa at Nov 26, 2023, 07:35 AM

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Melodie
9 months ago
I thought it was more about competition than just supply and demand!
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Luisa
10 months ago
Option C is definitely the best choice here.
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Carin
10 months ago
Wait, can it really be that simple?
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Quentin
10 months ago
Totally agree, it's all about balance!
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Johana
10 months ago
Price equilibrium is when demand equals supply, right?
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Margret
10 months ago
I feel like option D could be relevant, but it doesn't really capture the core idea of equilibrium, does it?
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Cherelle
11 months ago
I practiced a similar question last week, and I think it was about balancing supply and demand too. C seems right to me.
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Lyndia
11 months ago
I'm not entirely sure, but I remember something about how equilibrium relates to competition. Was that option A?
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Georgiann
11 months ago
I think price equilibrium is when supply and demand meet, so I might go with option C.
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Alfreda
11 months ago
I'm a little confused by the wording of these options. They all seem to be talking about price in some way, but I'm not sure how they relate to the concept of equilibrium. I'll have to re-read the question and options carefully.
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Casey
11 months ago
Okay, I remember learning about this in class. Price equilibrium is the point where the market clears, so the quantity demanded equals the quantity supplied. That's definitely the best answer here.
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Carlene
11 months ago
Hmm, I'm a bit unsure about this one. I know price equilibrium has to do with supply and demand, but I'm not sure if it's specifically about the quantities being the same. Let me think this through a bit more.
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Omer
11 months ago
This question seems straightforward, I think the concept of price equilibrium is when the quantity demanded and supplied are equal.
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Frankie
11 months ago
Hmm, I'm a bit confused by the wording of the options. I'll need to carefully read through each one to determine the best strategy.
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Barrett
11 months ago
I remember something about DMS being used for managing databases, but I'm not sure if it specifically works with ApsaraDB for Redis.
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