Asked by Reeses

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

Answers

Answered by 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.
Answered by Anonymous
The correct answers are
D
D
C
Answered by Reeses
Anonymous is correct. THANK YOU SO MUCH!! 100%, 4/4 (because number 2 is worth 2 points)
Answered by PearsonConnexus
d
d
c
Answered by Ms.Sue Husband
good job connexus students
Answered by Loyal ;)
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!!!! :)))
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Answered by yeet
THANK YOU SO MUUUUUUUUUUUUUCH ANONYMOUSE YOU ARE SO AWESOME

TO ALL CONEXUS STUDENTS ANONYMOUSE IS CORRECT
Answered by yeet
sorry anonymous i put an E at the end of your username
Answered by Anonymous Is Right
D D C is correct for civics: lesson 7: unit 3
Yep anonymous is right
Answered by Naruto Uzimaki
Anonymous is correct
Answered by Connexus help
DDC
thx alot i got 100%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answered by OOf
thank you
Answered by #AlwaysNeedstheAnswer
Anonymous you are so awesome and so helpful to everyone so thx so much you are my hero!!!!!!!!!

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Answered by DDC
1.D
2.D
3.C
Answered by LOLLLLLLL!!!!!!!!!
ITS D LOLLLLLL
Answered by Saylor Twift
D D C
Answered by 5starANSWERS
1. D
2. D
3. C
These are all correct. These answers is for connexus students.
Answered by Janiyah
the actual answer is ddc anonymous is not right, I got a 67 because of them
thank y'all yes that the correct answer thank
Answered by Jaylen B
thank you anonymous i got a 100%!!!!!!
Answered by lily
ddc
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