Test
Market equilibrium test
This 11th-grade classroom material helps students practice interpreting shifts in supply and demand, calculating effects on equilibrium price, and understanding related concepts such as price ceilings and floors through multiple-choice and short-answer questions.
By Edform · Economics and personal finance · Grade 11 · Published Oct 15, 2026 · New
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Questions
- What happens to the equilibrium price if demand increases while supply remains unchanged?
- Which of the following can cause a shift in the supply curve to the right? Select all that apply.
- A price ceiling set below the equilibrium price will likely cause a shortage.
- What is the term for the point where the supply and demand curves intersect?
- If the quantity demanded at $10 is 100 units and the quantity supplied is 80 units, what is the shortage at this price?
- If a government sets a price floor above the equilibrium price, what is the most likely market outcome?
- Which of these events would shift the demand curve for pizza to the left? Select all that apply.
- If both supply and demand increase at the same time, the equilibrium quantity will definitely increase.
- What is the economic term for a legally established maximum price that can be charged for a good?
- Which of the following best describes what happens when a price ceiling is set above the equilibrium price?
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