Why do businesses seek an equilibrium price?
(1 point)
Responses
It ensures that competitors cannot offer lower prices.
It ensures that competitors cannot offer lower prices.
It attracts the largest possible number of consumers to the business.
It attracts the largest possible number of consumers to the business.
It provides the highest possible prices that consumers will pay for each product.
It provides the highest possible prices that consumers will pay for each product.
It prevents shortages and surpluses by producing the right number of goods for the right price.
It prevents shortages and surpluses by producing the right number of goods for the right price.
It allows the business to maximize profits by finding the balance between supply and demand.
pick one
It prevents shortages and surpluses by producing the right number of goods for the right price.
In the vast and dry Southwest, our family ranch is a special place we call home. Every morning, my family and I wake up early to tend to our cattle and horses. The sun beats down on the rugged land as we ride our horses, checking on our animals and making sure they have enough water and food.
Our ranch is surrounded by tall cacti and dusty trails that lead to wide open spaces. Our days are long and hard, but we love the peace and quiet of the desert. We often sit by the campfire at night, listening to the howls of coyotes in the distance.
Despite the challenges of ranching in the harsh Southwest, my family and I are dedicated to our animals and land. We know that the work is tough, but we wouldn't trade it for anything. The sound of hooves on the dusty ground and the sight of the sun setting over the rugged landscape make our hearts full.
Ranching in the Southwest is not easy, but for the Haught family, it is a way of life that we cherish every day.