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

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 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

11 months ago

Haha, 'equlibrium' price, that's a good one!

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Mila

11 months ago

A) Equilibrium price

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Telma

12 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

12 months ago

Closing price? Nah, that's just for stock exchanges. This is a basic economics question, not a Wall Street quiz.

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Rebeca

11 months ago

A) Equilibrium price

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Mozell

11 months ago

A) Equilibrium price

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Lawrence

11 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

12 months ago

A) Equilibrium price

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Jina

1 years ago

Opprobrium price? Really? I think they meant to say 'oppressive' price. Someone's been reading too many thesauruses.

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Ezekiel

12 months ago

Opprobrium price? Really? I think they meant to say 'oppressive' price. Someone's been reading too many thesauruses.

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Ma

12 months ago

A) Equilibrium price

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Matthew

1 years ago

Ah, the age-old question of supply and demand! Equilibrium price, of course. Simple economics, my friend.

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Delfina

12 months ago

Simple economics, my friend.

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Nan

12 months ago

Ah, the age-old question of supply and demand! Equilibrium price, of course. Simple economics, my friend.

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Keena

1 years ago

A) Equilibrium price

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Dortha

1 years ago

A) Equilibrium price

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Margot

1 years ago

Equilibrium price

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