This quiz is a part of the CFA Level 1 reading 'Topics in Demand and Supply Analysis'. 

Demand and Supply

Not make any change in the price of burger

is an excess supply of ToyCar, and the price must fall for equilibrium to be reached

will be an upward shift in the supply curve for ToyCar 

at a price of $50.00, there is an excess supply of 11 million units

at a price of $50.00, there is an excess demand of 11 million units

at a price of $50.00, there is an excess supply of 15 million units

fall, causing the quantity demanded to fall 

fall, causing the quantity supplied to fall 

rise, causing the demand curve to shift to the right

producer surplus is greater than consumer surplus

the maximum level of total welfare is not achieved

excise tax, quota, subsidy, increase in demand

excise tax, subsidy, decrease in supply, price 

Demand and Supply Analysis: Introduction