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Create an image that symbolizes the concept of equilibrium price in business economics. Depict a set of wooden scales perfectly balanced on a vintage wooden table against the backdrop of a bustling marketplace filled with diverse shoppers and vendors. On one side of the scales, represent an array of colorful goods, symbolizing supply. On the other side, place a pile of gold coins, symbolizing demand. In the middle of the image, show an adjustable lever, illustrating adjustments in price to achieve equilibrium. The scene should be void of any text.

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

cdd is incorrect. the answers are

d
d
c

Yep it’s

1-d
2-d
3-c

"correct" is right. the answers are ddc

WRITTEN ANSWERS:

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

Thx what question number

is ddc answers

D

D
C
This is correct

D

D
C

Yeah the answer is ddc I got a 100%

yes. UvU im a r e t a r d

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.

Oops I mean ddc

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

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

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

Dude, grammar.

1.d

2.d
3. c
is the correct answer

Yep still dcc✨

its correct! the answer is d d and c TYSM EVERYONE I GOT A+ <3!~

never mind DDC is correct still

1 and 3 - no

2 - yes

im confuesed whats the answer

really Mason4life?

Noice

I swear if I get this wrong.........

Bobbbb is %100 correct

Thank you for verifying the correct answers.

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

yea you are go back to preschool weir do

Sacrificed my grade for this one but I'm back Connexus fam!

as of 12.14.2021
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1). It provides the highest possible prices that consumers will pay for each product.
2). It is not always practical for businesses to change their prices on a daily basis in order to affect the equilibrium price.
3). Higher prices decrease customer demand
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as always remember cheating isn't long-term! You should study on top of everything because sometimes you just can't cheat. Good luck!

Right.

1 c

2 d
3 d