Question

Market pressures tend to move prices toward a(n) _____. price that causes shortages price that causes surpluses equilibrium price

Answer 1

Equilibrium would be the answer

Answer 2

Market pressures tend to move prices toward an Equilibrium price. At the point of equilibrium price both consumers and producers are satisfied, and that is the goal of the whole market business. Equilibrium price is the price where the demand for a product or a service is equal to the supply of the product or service.