ilmscore | Microeconomics / Market Equilibrium Predictions
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Microeconomics / Market Equilibrium

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Recent Predictions

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
Author
Predicted at
Status
Video
If the market price is above the equilibrium price, a surplus will occur, leading to a fall in prices as sellers compete to sell their excess inventory.
"When the price is too high and above equilibrium then there's a surplus and eventually prices will f..."
Jacob Clifford Jacob Clifford
Aug 5, 2024
Pending
NEW- Macro Unit 1 Su...
If the market price is below the equilibrium price, a shortage will occur, leading to an increase in prices as consumers bid higher for the limited supply.
"When the price is below equilibrium and there's a shortage eventually prices will go up because cons..."
Jacob Clifford Jacob Clifford
Aug 5, 2024
Pending
NEW- Macro Unit 1 Su...