CIPS Exam L3M3 Topic 1 Question 16 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 16
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 Gianna at Jul 13, 2024, 07:46 PM

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Ashlyn

4 months ago

Haha, 'Opprobrium price'? Sounds like something you'd find in a thesaurus, not an economics exam.

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Mabel

4 months ago

Polyvalent price? Is that even a real economic concept? Give me a break!

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Janna

3 months ago

The price at which suppliers wish to sell and buyers wish to buy is called the equilibrium price.

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Geraldine

3 months ago

B) Opprobrium price

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Stephen

3 months ago

No, polyvalent price is not a real economic concept.

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Rolland

3 months ago

A) Equilibrium price

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Robt

4 months ago

Closing price? Nah, that's more for stocks and securities. This is about the general market equilibrium.

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Zena

4 months ago

Opprobrium price? What kind of made-up term is that? I'm definitely going with option A.

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Sage

3 months ago

Equilibrium price is the term we're looking for in this context.

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Tyra

3 months ago

I agree, option A is the correct choice.

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Tyra

4 months ago

Equilibrium price

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Nikita

4 months ago

Opprobrium price does sound strange, I think it's definitely not the right choice.

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Sherrell

4 months ago

I agree, option A is the correct answer.

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Lavera

5 months ago

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

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Leslee

5 months ago

Equilibrium price, of course! That's the perfect intersection of supply and demand.

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Flo

4 months ago

No, it's actually the equilibrium price where market clears.

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Rolande

4 months ago

C) Closing price

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Vinnie

4 months ago

Yes, that's correct! It's where supply and demand meet.

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Cruz

4 months ago

A) Equilibrium price

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Elliott

5 months ago

I agree with Providencia, A) Equilibrium price makes sense.

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Providencia

5 months ago

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

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Roslyn

5 months ago

A) Equilibrium price

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