Market Equilibrium: Influences & Calculations

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The market equilibrium point is when ____ and ____ are the same number.

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1. Which of the following is a factor that can affect market equilibrium?

2. Supply and demand curves are plotted from supply and demand ____.

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About This Quiz & Worksheet

This worksheet and attached quiz will assess what you know about market equilibrium factors. Test questions will be based on topics such as the forces that connect and affect market equilibrium and a factor of said equilibrium.

Quiz & Worksheet Goals

Use these study tools to find out how well you know how to:

  • Recognize how supply and demand curves are plotted
  • Identify how market equilibrium can be thrown out of whack by producers
  • Determine how market equilibrium can be disturbed by consumers

Skills Practiced

Practice these study skills from the worksheet and quiz:

  • Making connections - use understanding of the concept of market equilibrium and how it is connected to producers and consumers
  • Critical thinking - apply relevant concepts to examine information about factors that affect market equilibrium in a different light
  • Interpreting information - verify that you can read information regarding specific market equilibrium points and interpret it correctly

Additional Learning

Utilize this lesson on market equilibrium in order to learn more about this area of study. The lesson is named Market Equilibrium: Influences & Calculations, and it will focus on the following study points:

  • Define market equilibrium
  • Assess the problems and changes that come about in markets
  • Understand the push and pull of market consumers and producers
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