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

D

D
C

He is correct!

D
D
C
100%

Potato 100% correct

Yes

D
D
C
is 100% right

D

D
C
is 100% right

D

D
C
is 100% right

its 2019 and the answers are still the same

D
D
C

We’re all cheaters I feel dirty

1. D

2. D
3. C

Thanks but don't put your real name ever

its still ddc and its 2023

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

WAIT POTATO IS CORRECT FOR ALL MY QUESTIONS

i dont know, i came here to find out

ohhh kaaaayy......

that was wierd......

DDC is still right in 2023

thnx

Potato is correct in 2020 100%

1. D
2. D
3. C

why cheat when you can go back and look

*causal not caring*

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

right

hmm

D
D
C

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeessssssssssssssssssssssssssssssssssssssssssssssssssssssseeeeeeeeeeeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrr

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

same thanks potato!!

Why do businesses seek an equilibrium price?

D
D
C

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.

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

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