1. Why do businesses seek a equilibrium price?

Question

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

I think
1)B
2)D
3)D

Answer 1

I think you're correct on all three. That said, I'm not sure we have tutors who are economics teachers, so double-check your text materials if you are unsure. You can also "google" equilibrium pricing, etc.

Answer 2

The correct answers are
D
D
C

Answer 3

Anonymous is correct. THANK YOU SO MUCH!! 100%, 4/4 (because number 2 is worth 2 points)

Answer 4

d
d
c

Answer 5

good job connexus students

Answer 6

Ha!! If you were REALLY Ms.Sues husband you would know that she probably doesn't have a husband!! Ms does not indicate that your married!!! It would be Mrs!!!! :)))
Love ya boos!! <3

Answer 7

THANK YOU SO MUUUUUUUUUUUUUCH ANONYMOUSE YOU ARE SO AWESOME

TO ALL CONEXUS STUDENTS ANONYMOUSE IS CORRECT

Answer 8

sorry anonymous i put an E at the end of your username

Answer 9

D D C is correct for civics: lesson 7: unit 3

Answer 10

Yep anonymous is right

Answer 11

Anonymous is correct

Answer 12

DDC

Answer 13

thx alot i got 100%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 14

thank you

Answer 15

Anonymous you are so awesome and so helpful to everyone so thx so much you are my hero!!!!!!!!!

🤯
So you get my special emoji for special accasions

Answer 16

1.D
2.D
3.C

Answer 17

ITS D LOLLLLLL

Answer 18

D D C

Answer 19

1. D
2. D
3. C
These are all correct. These answers is for connexus students.

Answer 20

the actual answer is ddc anonymous is not right, I got a 67 because of them

Answer 21

thank y'all yes that the correct answer thank

Answer 22

thank you anonymous i got a 100%!!!!!!

Answer 23

ddc