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

6 months ago

Equilibrium price? More like 'equlibrium' price, am I right? Gotta love those typos on certification exams.

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Dyan

5 months ago

B) Opprobrium price

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Gussie

5 months ago

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

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Mila

5 months ago

A) Equilibrium price

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Telma

6 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

6 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

5 months ago

A) Equilibrium price

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Mozell

5 months ago

A) Equilibrium price

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Lawrence

5 months ago

B) Opprobrium price

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Elliot

6 months ago

B) Opprobrium price

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Rosendo

6 months ago

Closing price is not the correct term for this scenario.

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Kris

6 months ago

Exactly, the equilibrium price is where supply and demand meet.

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Sherita

6 months ago

A) Equilibrium price

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Corrie

6 months ago

A) Equilibrium price

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Jina

7 months ago

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

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Ezekiel

6 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

6 months ago

A) Equilibrium price

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Matthew

7 months ago

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

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Delfina

6 months ago

Simple economics, my friend.

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Nan

6 months ago

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

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Keena

6 months ago

A) Equilibrium price

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Dortha

7 months ago

A) Equilibrium price

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Margot

7 months ago

Equilibrium price

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