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Econ 102 Quiz 3 | Questions and Correct Answers with Complete Solution | Latest Update 2026

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Econ 102 Quiz 3 | Questions and Correct Answers with Complete Solution | Latest Update 2026

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Question 1 points

Which of the following is a problem with the price system that can lead to a breakdown in the coordination
of economic activity?

The price system works silently in the background.

e Prices can be slow to adjust.

Prices may be flexible.

all of the above


Question 2 points

If prices are sticky


economic activity will be coordinated efficiently.

e economic activity will not be coordinated efficiently.

prices will quickly adjust to changes in demand.

quantity supplied will always equal quantity demand.

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