Equilibrium price

Welcome to Questions LLC's category on equilibrium price! Here, you will find a wealth of information and discussions surrounding the concept of equilibrium price in economics. Whether you are a student, business professional, or simply someone curious about the topic, this category is designed to help you gain a deeper understanding of how supply and demand interact to determine the equilibrium price in various markets. Explore the questions and answers provided by our community, and feel free to contribute your own insights and queries. Get ready to unravel the fascinating dynamics behind equilibrium price and its significance in the economy!

Questions (44)

Why do businesses seek and an equilibrium price?
1. 1 answer
2. asked anonymously
3. 31 views
Consider the market for roses in a small town.The demand function is given by: P = 20 - 0.25Q(D) The supply function is given
1. 2 answers
2. asked by Nikko
3. 556 views
Why do businesses seek an equilibrium price?A:it ensures that competitors cannot offer lower prices B:it attracts the largest
1. 30 answers
2. asked by Somejuan
3. 8,241 views
The demand for your hand-made skateboards, in weekly sales, is q=-5p+600 if the selling price is $p. You are prepared to supply
1. 4 answers
2. asked by jimmy
3. 5,057 views
The following relations describe the supply and demand for posters.Qd = 65,000 – 10,000 P Qs = -35,000 + 15,000P Where Q is
1. 3 answers
2. asked by Sharma
3. 1,420 views
Price Quantity Supplied Quantity Demanded$10 1,000 2,500 $20 2,000 2,000 $30 3,000 1,500 $40 4,000 1,000 The equilibrium price
1. 2 answers
2. asked by 1
3. 41 views
What is achieved when supply meets demand? Choose one answer.A. relative price B. market price C. equilibrium price D. quantity
1. 1 answer
2. asked by goodog
3. 137 views
Why do businesses seek an equilibrium price?.(1 point) Responses It ensures that competitors cannot offer lower prices. It
1. 3 answers
2. asked by //////////////////////////////////////////////////
3. 115 views
Consider the following demand and supply equations for Chocolates:Qd=140-P and Qs= -120+P. Using the equations above, and find
1. 1 answer
2. asked by Jusmudi
3. 350 views
The demand and supply functions of a commodity are as given as follows CD=20-2p,Qs=6p-12 where p = price in naira ,Qd=quantity
1. 3 answers
2. asked by Deola
3. 1,035 views
Suppose the market demand and supply are given by Qs = -50 + 3P and Qd = 300 - 4P. What is the equilibrium price?? is the answer
1. 2 answers
2. asked by Lori
3. 1,246 views
The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related
1. 2 answers
2. asked by jane
3. 531 views
The demand curve for knobs is P=75-6QD and the supply curve for knobs is P=35+2QS. What is the equilibrium price of a knob?
1. 2 answers
2. asked by Bobby
3. 1,060 views
Qd=65,000-10,000 (P)Qs= -35,000 + 15,000 (p) What is the equilibrium price?
1. 3 answers
2. asked by Janet
3. 990 views
When the market price is above equilibrium price, the market price will be drive
1. 2 answers
2. asked by Anonymous
3. 1,223 views
When the market price is above equilibrium price, the market price will be drive
1. 1 answer
2. asked by Anonymous
3. 433 views
Which of the following events would unambigously cause a decrease in the equilibrium price of cotton shirts?a. an increase in
1. 2 answers
2. asked by Rod
3. 652 views
If the supply of a pair of jeans is less than what would meet customer demand, what would likely happen to the average market
1. 3 answers
2. asked anonymously
3. 57 views
Using the information below answer the following questions.If demand is :Qd = 400.00 - 15.00P and Supply is: Qs = 50.00 + 15.00P
1. 2 answers
2. asked by Alex
3. 982 views
The following relations describe the supply and demand for posters.Qd = 65,000 – 10,000 P Qs = -35,000 + 15,000P Where Q is
1. 3 answers
2. asked by Eric
3. 550 views
What happens to the equilibrium price when supply decreases? (Shown in the change in the graph)a. price increases, equilibrium
1. 1 answer
2. asked by ya mama
3. 45 views
suppose the supply and demand for a certain videotape are given by:Supply:p=1/5q^2 Demand p=-1/5q^2+30 where p is price and q is
1. 3 answers
2. asked by mike
3. 1,415 views
At the start of December 2001, the retail price of a 25kg bag of cornmeal was $10 in Zambia, while by the end of the month, the
1. 1 answer
2. asked by Jody
3. 1,161 views
The demand and supply equations for a certain item are given byD = -5p + 40 s = -p^2+30p-8 Find the equilibrium price. Wouldn't
1. 1 answer
2. asked by Audrey
3. 1,031 views
The demand for your hand-made skateboards, in weekly sales, isq = −4p + 600 if the selling price is $p. You are prepared to
1. 2 answers
2. asked by jay
3. 750 views
The sunshine bakery sells pies at a fixed price o p dollars per pie. The total number of pies demanded daily, D, is related to
1. 2 answers
2. asked by diana
3. 561 views
Why do businesses seek an equilibrium price?(1 point) Responses It ensures that competitors cannot offer lower prices. It
1. 5 answers
2. asked by keith
3. 67 views
What is achieved when supply meets demand?(1 point) Responses quantity price quantity price relative price relative price
1. 1 answer
2. asked anonymously
3. 53 views
Why do businesses seek an equilibrium price?(1 point) It ensures that competitors cannot offer lower prices. It attracts the
1. 1 answer
2. asked by trippie
3. 40 views
What is achieved when supply meets demand?(1 point) Responses relative price relative price market price market price
1. 1 answer
2. asked anonymously
3. 92 views
What is achieved when supply meets demand?A: Relative price B: Market price C: Equilibrium price D: Quantity price
1. 1 answer
2. asked anonymously
3. 31 views
What is achieved when supply meets demand?(1 point) Responses relative price relative price market price market price
1. 1 answer
2. asked anonymously
3. 141 views
Why do businesses seek an equilibrium price?(1 point) O It ensures that competitors cannot offer lower prices. O It attracts the
1. 5 answers
2. asked by AD
3. 36 views
Match the term to the definitionlabor union specialization non-profit organization market price interdependence equilibrium
1. 1 answer
2. asked by Spearvulet
3. 30 views
The equilibrium price for this market is(1 point) O $10. O $20 O $40 • $30
1. 1 answer
2. asked by Market Equilibrium Quick Check
3. 11 views
Look at the graph above. Which situation could result in a new equilibrium price of $1.80?(1 point) Responses New oil supplies
1. 1 answer
2. asked by ik ur cheating
3. 48 views
Market Equilibrium Quick Check3 of 53 of 5 Items Question Use the table to answer the question. Price Quantity Supplied Quantity
1. 1 answer
2. asked anonymously
3. 15 views
Which of the following will definitely cause an increase in the equilibrium price?An increase in both demand and supply A
1. 1 answer
2. asked anonymously
3. 12 views
1 of 31 of 3 ItemsQuestion Why do businesses seek an equilibrium price? (1 point) Responses It ensures that competitors cannot
1. 1 answer
2. asked anonymously
3. 5 views
Why do businesses seek an equilibrium price?a. It ensures that competitors cannot offer lower prices. b. It attracts the largest
1. 1 answer
2. asked anonymously
3. 4 views
What is achieved when supply meets demand?(1 point) • relative price • market price • equilibrium price • quantity price
1. 1 answer
2. asked anonymously
3. 4 views
Why do businesses seek an equilibrium price?It provides the highest possible prices that consumers will pay for each product. It
1. 1 answer
2. asked anonymously
3. 4 views
What is achieved when supply meets demand?A Relative price B Market price C Equilibrium price D Quantity price
1. 1 answer
2. asked by Marysol
3. 3 views
What is achieved when supply meets demand?(1 point)Responses relative price relative price quantity price quantity price market
1. 1 answer
2. asked by qr3ty
3. 4 views