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CIPS Exam L3M3 Topic 1 Question 11 Discussion

Actual exam question for CIPS's L3M3 exam
Question #: 11
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

Show Suggested Answer Hide 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 Layla at May 18, 2024, 03:10 PM

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Dortha
11 months ago
Equilibrium price? More like 'equlibrium' price, am I right? Gotta love those typos on certification exams.
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Dyan
10 months ago
B) Opprobrium price
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Gussie
10 months ago
Haha, 'equlibrium' price, that's a good one!
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Mila
10 months ago
A) Equilibrium price
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Telma
11 months ago
Polyvalent price? What is this, a chemistry exam? I'll stick with the good ol' equilibrium price, thank you very much.
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Desmond
11 months ago
Closing price? Nah, that's just for stock exchanges. This is a basic economics question, not a Wall Street quiz.
upvoted 0 times
Rebeca
10 months ago
A) Equilibrium price
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Mozell
10 months ago
A) Equilibrium price
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Lawrence
10 months ago
B) Opprobrium price
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Elliot
11 months ago
B) Opprobrium price
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Rosendo
11 months ago
Closing price is not the correct term for this scenario.
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Kris
11 months ago
Exactly, the equilibrium price is where supply and demand meet.
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Sherita
11 months ago
A) Equilibrium price
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Corrie
11 months ago
A) Equilibrium price
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Jina
12 months ago
Opprobrium price? Really? I think they meant to say 'oppressive' price. Someone's been reading too many thesauruses.
upvoted 0 times
Ezekiel
11 months ago
Opprobrium price? Really? I think they meant to say 'oppressive' price. Someone's been reading too many thesauruses.
upvoted 0 times
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Ma
11 months ago
A) Equilibrium price
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Matthew
12 months ago
Ah, the age-old question of supply and demand! Equilibrium price, of course. Simple economics, my friend.
upvoted 0 times
Delfina
11 months ago
Simple economics, my friend.
upvoted 0 times
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Nan
11 months ago
Ah, the age-old question of supply and demand! Equilibrium price, of course. Simple economics, my friend.
upvoted 0 times
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Keena
11 months ago
A) Equilibrium price
upvoted 0 times
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Dortha
12 months ago
A) Equilibrium price
upvoted 0 times
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Margot
12 months ago
Equilibrium price
upvoted 0 times
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