Question
1. Why do businesses seek a 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
I think
1)B
2)D
3)D
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
Answers
Reed
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.
Anonymous
The correct answers are
D
D
C
D
D
C
Reeses
Anonymous is correct. THANK YOU SO MUCH!! 100%, 4/4 (because number 2 is worth 2 points)
PearsonConnexus
d
d
c
d
c
Ms.Sue Husband
good job connexus students
Loyal ;)
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Love ya boos!! <3
yeet
THANK YOU SO MUUUUUUUUUUUUUCH ANONYMOUSE YOU ARE SO AWESOME
TO ALL CONEXUS STUDENTS ANONYMOUSE IS CORRECT
TO ALL CONEXUS STUDENTS ANONYMOUSE IS CORRECT
yeet
sorry anonymous i put an E at the end of your username
Anonymous Is Right
D D C is correct for civics: lesson 7: unit 3
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Naruto Uzimaki
Anonymous is correct
Connexus help
DDC
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thx alot i got 100%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
OOf
thank you
#AlwaysNeedstheAnswer
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🤯
So you get my special emoji for special accasions
🤯
So you get my special emoji for special accasions
DDC
1.D
2.D
3.C
2.D
3.C
LOLLLLLLL!!!!!!!!!
ITS D LOLLLLLL
Saylor Twift
D D C
5starANSWERS
1. D
2. D
3. C
These are all correct. These answers is for connexus students.
2. D
3. C
These are all correct. These answers is for connexus students.
Janiyah
the actual answer is ddc anonymous is not right, I got a 67 because of them
connection student girl
thank y'all yes that the correct answer thank
Jaylen B
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lily
ddc