Question

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

Answer 1

D
D
C

Answer 2

Potato 100% correct

Answer 3

He is correct!
D
D
C
100%

Answer 4

Yes
D
D
C
is 100% right

Answer 5

D
D
C
is 100% right

Answer 6

D
D
C
is 100% right

Answer 7

its 2019 and the answers are still the same
D
D
C

Answer 8

1. D
2. D
3. C

Answer 9

Thanks but don't put your real name ever

Answer 10

We’re all cheaters I feel dirty

Answer 11

omg lol i'm taking this test rn, google is the most powerful weapon i really dc if i get it i just need to catch up lol

Answer 12

i dont know, i came here to find out

Answer 13

WAIT POTATO IS CORRECT FOR ALL MY QUESTIONS

Answer 14

thnx

Answer 15

ohhh kaaaayy......
that was wierd......

Answer 16

Potato is correct in 2020 100%
1. D
2. D
3. C

Answer 17

why cheat when you can go back and look

Answer 18

*causal not caring*

Answer 19

wut is goin on lol everyone be goin cray cray, covid messed us all up tbh (not to be meannn) :3

Answer 20

right

Answer 21

hmm
D
D
C

Answer 22

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Answer 23

DDC is still right in 2023

Answer 24

its still ddc and its 2023

Answer 25

Potato is correct!! i got 100%!!!

Answer 26

same thanks potato!!

Answer 27

Why do businesses seek an equilibrium price?

D
D
C

Answer 28

Businesses seek an equilibrium price because it represents the price point at which supply and demand for a product or service are in balance. At this price level, the quantity of goods or services that producers are willing to supply matches the quantity that consumers are willing to buy. This helps businesses optimize their revenue and profits while avoiding overproduction or underproduction. Additionally, an equilibrium price ensures that resources are allocated efficiently in the market, benefitting both producers and consumers.

Answer 29

Thanks for answering, bot. I don't know what I would do without you.

Answer 30

You're welcome! I'm here to help with any questions you have.