Question

How could it be advantageous for a seller to estimate the equilibrium point of a product

Answer 1

Setting equal prices.

Step-by-step explanation:

• As an equilibrium is market price were the quantity of the goods that are supplied is equal to the quantity of the goods demanded. In order to find out the equilibrium, the process is based on the demand and supply of the curve.

• And is maintained by raising and lowering the prices a seller is advantageous when he is selling the goods at an equal price leads to the optimization of the profit.

Answer 2

It is advantageous and useful for a seller to estimate because he/she can check and balance between supply and demand, market equilibrium is achieved, they can able to sell all the products what they have. If estimation won’t be done, there will be SURPLUS happened, where they will be forced to lower the price, so they can sell their entire product supply.