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1. Why do businesses seek an equilibrium price?

A. It ensures that competitors cannot offer lower prices
B. It attracts the largest possible number of consumers to the business ••
C. It provides the highest possible prices that consumers will pay for each product
D. It prevents shortages and surpluses by producing the right number of goods for the right price.

2. What is a reason that market prices are not always the same as equilibrium prices?
A. Market prices are often set by buyers rather than by sellers
B. Supply and demand are not well-understood by business owners
C. The equilibrium is not always the most profitable price point
D. Market prices sometimes reflect the relative prices of competitors rather than equilibrium••

3. How do markets keep producers from increasing prices?
A. Higher prices cause demand shifts
B. Higher prices cause supply shifts
C. Higher prices decrease quantity sold ••
D. Higher prices decrease consumer demand

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29 answers

  1. cdd is incorrect. the answers are
    d
    d
    c

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  2. "correct" is right. the answers are ddc

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  3. Yep it’s
    1-d
    2-d
    3-c

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  4. WRITTEN ANSWERS:
    1. it prevents shortages
    2. it is not always practical
    3. higher prices decrease quantity sold

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  5. D
    D
    C
    This is correct

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  6. Thx what question number
    is ddc answers

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  7. Yeah the answer is ddc I got a 100%

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  8. D
    D
    C

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  9. yes. UvU im a r e t a r d

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  10. guys look at the likes. 9 times out of 10 the correct answers will have the most likes and the wrong ones will have the most dislikes.

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  11. Is it just me or is I love Larry the same person as Mason4life just with a different name?

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  12. Oops I mean ddc

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  13. Thanks “correct” the answers are 1D 2D 3C and this is for connection students in 6th grade!

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  14. Dude, grammar.

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  15. 1 and 3 - no
    2 - yes

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  16. Yep still dcc✨

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  17. I hope this is right I don’t wanna get. F

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  18. im confuesed whats the answer

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  19. Anonymous Duh just look and see the answer is right in ur face

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  20. really Mason4life?

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