# The Market Forces of Supply and Demand by James DeNicco

The lecture The Market Forces of Supply and Demand by James DeNicco is from the course Principles of Microeconomics (EN). It contains the following chapters:

• The Market and Perfect Competition
• A Closer Look at Demand
• Demand Shifts
• Demand Shifts Versus Movements Along the Curve
• A Closer Lock at Supply
• Supply Shifts
• The Market Equilibrium
• Recap

### Included Quiz Questions

1. All the offered goods have to be identical and no single buyer or seller has control over the price.
2. All the offered goods have to be identical and just the seller has control over the price.
3. All the offered goods have to be identical and just the buyer has control over the price.
4. All the offered goods have to be different and no single buyer or seller has control over the price.
1. Anything that increases the amount we demand at a given price will be a rightward shift in the demand curve.
2. Whenever there is a change in the price its gonna be a movement along the curve.
3. Whenever there is a change in the price its gonna be a shift along the curve.
4. Anything that increases the amount we demand at a given price will be a leftward shift in the demand curve.
1. The supply curve is upward sloping and the demand curve is downward sloping.
2. Anything that raises the quantity supplied at any given price shifts the supply curve right.
3. The supply curve downward sloping and the demand curve is upward sloping.
4. Anything that raises the quantity supplied at any given price shifts the supply curve left.
1. An equilibrium is a situation in which the market price has reached the level at which the quantity supplied equals the quantity demanded.
2. An equilibrium is a situation in which the market price has almost reached the level at which the quantity supplied equals the quantity demanded.
3. An equilibrium is a situation in which the market price has reached the level at which the quantity supplied is greater then the quantity demanded.
4. An equilibrium is a situation in which the market price has almost reached the level at which the quantity supplied is smaller then the quantity demanded.
5. None of the answers is correct.

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