CIPS Exam A6 Topic 5 Question 58 Discussion

Actual exam question for CIPS's A6 exam

Question #: 58
Topic #: 5

[All A6 Questions]

Which of the following best defines the term 'equilibrium price'? (2 marks)

AThe price at which the level of demand in a market exceeds the level of supply

BThe price at which all commodities are of equal value in a market

CThe price at which the level of supply in a market exceeds the level of demand

DThe price at which the level of supply in a market matches the level of demand.

Show Suggested Answer

Suggested Answer: A

by Glendora at Aug 03, 2024, 09:44 PM

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Dwight

1 months ago

Equilibrium price, you say? That's when the market is as chill as a cucumber. Gotta be option D, my dudes.

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Kerrie

12 days ago

Yeah, equilibrium price is all about that balance. Option D makes the most sense.

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Crista

15 days ago

I think it's option D too. When supply and demand are balanced, that's when things are chill.

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Brynn

1 months ago

Equilibrium price? Isn't that when the market is in a perfect state of harmony? I'll go with D, the classic definition.

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Charlette

2 months ago

Equilibrium price, where supply and demand are in balance? That's a no-brainer. D is the way to go.

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Nell

13 days ago

User 3: Agreed, it's the price where supply matches demand.

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Shonda

16 days ago

Definitely, D is the equilibrium price where supply matches demand.

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Hillary

23 days ago

Yes, D is the price where supply and demand are equal.

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Kattie

1 months ago

User 2: Definitely, that's option D.

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Jesus

1 months ago

I agree, D is the correct answer.

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Lashon

1 months ago

User 1: Equilibrium price is when supply and demand are balanced.

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Fanny

2 months ago

Ah, the old equilibrium price question. I remember learning about this in Economics class. Option D is the winner for sure.

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Lamar

2 months ago

Hmmm, I'm pretty sure the equilibrium price is the price where supply and demand intersect. Option D seems to be the most accurate definition.

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Hortencia

2 months ago

I'm not sure, but I think it's A. Demand exceeding supply makes more sense to me.

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Jestine

3 months ago

I agree with Andrew, because equilibrium price is when supply equals demand.

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Andrew

3 months ago

I think the answer is D.

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