Question

In a market without price controls, producers can charge the _____, so that consumers will buy all of their products. I Need Help Please!!
surplus price
shortage price
equilibrium price

Answer 1

Answer:

equilibrium price

Explanation:

At the equilibrium point, the market does not experience a shortage or excess in either demand or supply. The quantity demanded matches the quantity supplied.  The equilibrium price is the price at the equilibrium point where demand and supply meet.

Because there are no shortages or excesses at the equilibrium point, suppliers will sell all their products if they set a selling price equal to the equilibrium price. Buyers will purchase all the quantities supplied at the equilibrium price.