MENU
Thinking about supply and demand, there is one price at which producers wish to sell the same amount as customers wish to buy: in other words, the market 'clears', without either a surplus of supply or unsatisfied demand. This price is called the - - - - - - - - price.
Suggested Answer: D
Get Premium L3M1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
The correct answer is, of course, 'monopoly'.
43 comments · newest first
RE
Renea
11 months ago
100% agree, equilibrium is the right term here.
ME
Mendy
11 months ago
Wait, are we sure it's not "equivalium"? Sounds fancy!
PE
Pearlie
12 months ago
Equidistant? That's not even a thing in economics!
TA
Talia
12 months ago
I thought it was the clearing price?
EV
Evangelina
1 year ago
It's definitely the equilibrium price!
MA
Malcolm
1 year ago
I’m torn between "Equilibrium" and "Clearing." I wish I had reviewed those definitions more closely!
RE
Reid
1 year ago
I feel like "Clearing" could also be a possibility, but it doesn't sound as right as "Equilibrium."
AR
Arthur
1 year ago
I remember practicing a question like this, and "Equilibrium" was definitely the term we used for the price where supply meets demand.
MI
Mitsue
1 year ago
I think the answer might be "Equilibrium," but I'm not entirely sure. It sounds familiar from our notes.
MA
Martha
1 year ago
Equilibrium, that's the one! I remember learning about that in class. The market clears at the equilibrium price where quantity supplied equals quantity demanded. Definitely B.
WI
William
1 year ago
Okay, let me think this through step-by-step. The question is asking about the price where supply and demand are equal, so that there's no surplus or shortage. I'm pretty sure the term for that is the equilibrium price. I'll go with B.
KA
Kara
1 year ago
Hmm, I'm a little unsure about this one. I know it has something to do with supply and demand, but I can't quite remember the exact term they're looking for. I'll have to think this through carefully.
JA
Jaleesa
1 year ago
This one seems pretty straightforward. I'm pretty confident the answer is B, Equilibrium.
CH
Charlie
1 year ago
Hmm, the question mentions that R2 and R3 are still receiving two routes, even after the summary address was configured on R1. I wonder if there's something else going on that's causing that behavior.
MA
Madalyn
1 year ago
I feel pretty good about this one. The Distribution Constructor can definitely create ISO images and bootable USB images, so I'll go with options A and B.
SE
Serina
1 year ago
Okay, I remember learning about this in class. The Federal Register is where administrative agency rules and regulations are officially published, so I'm going to select option B.
CO
Corrie
1 year ago
I was tempted by C) Clearing, but B) Equilibrium is the classic term for that market-clearing price. Though 'Equivalium' does have a nice ring to it!
TO
Tony
1 year ago
'Equivalium' does sound interesting, but it's not the correct term for that price.
DO
Dominque
1 year ago
Yeah, 'Equilibrium' is definitely the right answer when it comes to supply and demand.
DE
Derick
1 year ago
I agree, 'Equilibrium' is the classic term used in economics for that price point.
BU
Burma
1 year ago
I was tempted by C) Clearing too, but 'Equilibrium' is the right answer.
NO
Noel
1 year ago
I think you're right, B) Equilibrium is the correct term for that market-clearing price.
MI
Michell
1 year ago
Yeah, 'Equilibrium' is the classic term used in economics.
FA
Fannie
1 year ago
I think B) Equilibrium is the correct term for that market-clearing price.
AM
Ammie
2 years ago
D) Equivalium? Really? Sounds like someone's trying to be clever, but B) Equilibrium is the correct answer.
GA
Gabriele
1 year ago
C) Clearing
ME
Merissa
1 year ago
B) Equilibrium
YO
Yoko
1 year ago
A) Equidistant
RA
Raylene
2 years ago
Hmm, 'Clearing' price sounds like the right term, but I think B) Equilibrium is the more standard economic concept they're looking for here.
TY
Ty
1 year ago
I think Equilibrium is the term they're looking for in this case.
MO
Mohammad
1 year ago
I'm not sure, but I think Equilibrium makes sense here.
AL
Alison
2 years ago
I agree, I think B) Equilibrium is the correct term in this context.
BR
Brittni
2 years ago
I was a bit confused at first, but now I see it's the price where the market clears, without surplus or shortage. B) Equilibrium is the way to go.
KA
Kandis
1 year ago
Yes, B) Equilibrium is the price where supply and demand meet.
YO
Yolando
1 year ago
I think you're right, it's all about finding that perfect balance.
CL
Claribel
2 years ago
That makes sense, it's the balance point between supply and demand.
KI
King
2 years ago
I agree, B) Equilibrium is the correct answer.
EL
Ellsworth
2 years ago
The equilibrium price is the one that balances supply and demand - that seems to be the right answer. B) Equilibrium.
LE
Leatha
1 year ago
Yes, the equilibrium price is where supply and demand are balanced.
LE
Leatha
1 year ago
B) Equilibrium
TR
Tresa
2 years ago
I'm not sure, but I think it's C) Clearing because it sounds like the market clears at that price.
EL
Eleonore
2 years ago
I agree with Man, because at equilibrium price, supply equals demand.
MA
Man
2 years ago
I think the answer is B) Equilibrium.