CIPS Exam L3M3 Topic 1 Question 14 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 14
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 Xuan at Jul 03, 2024, 09:12 AM

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Filiberto

5 months ago

I'm not sure, but I'll go with A) Equilibrium price too.

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Helga

5 months ago

Option B, the 'Opprobrium price'? Sounds like a price that's been sent to the principal's office for bad behavior. Not a good look!

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Rutha

5 months ago

Polyvalent price? Sounds like something you'd find in a chemistry lab, not an economics exam. Option D is a total dud.

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Aileen

5 months ago

I agree with Judy, the equilibrium price makes sense in this context.

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Anna

5 months ago

Closing price? More like 'closing time' for that answer, am I right? Option C is definitely not it.

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Jamal

4 months ago

A) Equilibrium price

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Barb

4 months ago

D) Polyvalent price

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Denny

4 months ago

Definitely not 'closing time' for option C!

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Clare

4 months ago

D) Polyvalent price

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Mira

4 months ago

C) Closing price

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Lashandra

4 months ago

C) Closing price

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Ben

4 months ago

B) Opprobrium price

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Paola

4 months ago

B) Opprobrium price

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Dianne

4 months ago

A) Equilibrium price

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Billy

4 months ago

A) Equilibrium price

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Judy

5 months ago

I think it's A) Equilibrium price because it's where supply and demand meet.

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Delisa

5 months ago

A) Equilibrium price

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Cammy

5 months ago

Opprobrium price? What kind of made-up nonsense is that? Option B is just ridiculous.

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Berry

4 months ago

C) Closing price

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Pearlene

4 months ago

Opprobrium price? That does sound made-up.

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Donette

5 months ago

A) Equilibrium price

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Misty

6 months ago

The equilibrium price is when the market clears - that's a no-brainer! Option A is the correct answer here.

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Blossom

5 months ago

Yes, option A - equilibrium price, makes sense in this context.

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Jackie

5 months ago

I agree, the equilibrium price is when supply and demand meet.

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