CIPS Exam L3M1 Topic 4 Question 14 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 14
Topic #: 4

[All L3M1 Questions]

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.

AEquidistant

BEquilibrium

CClearing

DEquivalium

Show Suggested Answer

Suggested Answer: D

The correct answer is, of course, 'monopoly'.

by Candida at Jul 03, 2024, 02:11 PM

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Tresa

4 hours ago

I'm not sure, but I think it's C) Clearing because it sounds like the market clears at that price.

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Eleonore

1 days ago

I agree with Man, because at equilibrium price, supply equals demand.

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Man

3 days ago

I think the answer is B) Equilibrium.

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