CIPS Exam L3M3 Topic 1 Question 16 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 16
Topic #: 1

[All L3M3 Questions]

The price at which suppliers wish to sell and buyers wish to buy; and the market clears, is called the

AEquilibrium price

BOpprobrium price

CClosing price

DPolyvalent price

Show Suggested Answer

Suggested Answer: B

Equilibrium price.

The closing price is the price at the end of the day when the market closes.

The other 'prices' shown are nonsense.

by Gianna at Jul 13, 2024, 07:46 PM

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Ashlyn

8 days ago

Haha, 'Opprobrium price'? Sounds like something you'd find in a thesaurus, not an economics exam.

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Mabel

9 days ago

Polyvalent price? Is that even a real economic concept? Give me a break!

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Robt

11 days ago

Closing price? Nah, that's more for stocks and securities. This is about the general market equilibrium.

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Zena

16 days ago

Opprobrium price? What kind of made-up term is that? I'm definitely going with option A.

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Nikita

2 days ago

Opprobrium price does sound strange, I think it's definitely not the right choice.

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Sherrell

4 days ago

I agree, option A is the correct answer.

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Lavera

1 months ago

I'm not sure, but I'll go with A) Equilibrium price too.

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2 months ago

A) Equilibrium price

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