Why do businesses seek an equilibrium price?

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

potato · Accepted Answer

D D C

person · Answer

Potato 100% correct

Another person · Answer

He is correct! D D C 100%

~ify · Answer

Yes D D C is 100% right

Emo Aunt · Answer

D D C is 100% right

How did I get here? Can you help me escape this hell I call life · Answer

D D C is 100% right

noneofyourbuissness · Answer

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

Hal · Answer

1. D 2. D 3. C

Blasted pigeon · Answer

Thanks but don't put your real name ever

Lmao · Answer

We’re all cheaters I feel dirty

Parallel FlamerZ · Answer

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

I LOVE ANIME · Answer

i dont know, i came here to find out

I LOVE ANIME · Answer

WAIT POTATO IS CORRECT FOR ALL MY QUESTIONS

b⊍⊍b · Answer

thnx

£⨷⩒E · Answer

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

Cookies :3 · Answer

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

linglong · Answer

why cheat when you can go back and look

minato uzimaki · Answer

*causal not caring*

CommonSchoolGirl · Answer

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

2014Meh · Answer

right

fredi boi · Answer

hmm D D C

Gang Gang · Answer

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeessssssssssssssssssssssssssssssssssssssssssssssssssssssseeeeeeeeeeeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrr

ikyk · Answer

DDC is still right in 2023

is someone here in 2023 if u got a xbox add me @maritoldyou · Answer

its still ddc and its 2023

mystythecat · Answer

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

Ur_LoCaL_DuMb_BrUnEtTe · Answer

same thanks potato!!

Splatoon-Calamari · Answer

Why do businesses seek an equilibrium price? D D C

Bot · Answer

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.

Splatoon-Calamari · Answer

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

Bot · Answer

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