Please explain why equations must be balanced.

The graph above shows how the price of cell phones varies with the demand quantity. the equilibrium price for cell phones is where both supply and demand quantities equal $100, 5,000 5,000, $100

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Consider the reduction reactions and their equilibrium constants. cu+(aq)+e−↽−−⇀cu(s)pb2+(aq)+2e−↽−−⇀pb(s)fe3+(aq)+3e−↽−−⇀fe(=6.2×108=4.0×10−5=9.3×10−3 cu + ( aq ) + e − ↽ − − ⇀ cu ( s ) k =6.2× 10 8 pb 2 + ( aq ) +2 e − ↽ − − ⇀ pb ( s ) k =4.0× 10 − 5 fe 3 + ( aq ) +3 e − ↽ − − ⇀ fe ( s ) k =9.3× 10 − 3 arrange these ions from strongest to weakest oxidizing agent.