Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take mock test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define market equilibrium.
💡 Hint: Think about the balance between supply and demand.
Question 2
Easy
What happens during a surplus?
💡 Hint: Consider what it means if there are too many products.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
Where does the market equilibrium occur?
- Where quantity demanded exceeds quantity supplied
- Where quantity supplied equals quantity demanded
- At any price
💡 Hint: Think about the balance in the market.
Question 2
True or False: A shortage occurs when the quantity supplied exceeds the quantity demanded.
- True
- False
💡 Hint: Think about when more people want to buy a product than available.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Suppose a new smartphone is released, priced initially high. Describe how the market dynamics would change as it becomes popular, impacting equilibrium.
💡 Hint: Visualize trends in tech gadgets and their price shifts.
Question 2
Discuss the implications of a government-imposed price ceiling below the equilibrium price on the market for rental properties.
💡 Hint: Think about how this impacts landlords and tenants.
Challenge and get performance evaluation