What is the point at which there is no inclination for the price to rise or fall?
A) price symmetry
B) price stability
C) price status quo
D) price equilibrium

Question

Quizplus · Accepted Answer

Price equilibrium refers to a state where the demand for a product or service is equal to the supply of the same product or service. At this point, there is no inclination for the price to rise or fall, and the market is said to be in a state of stability. Therefore, option D is the correct answer. Options A, B, and C are incorrect as they do not specifically refer to the state of a balanced market.

What Is the Point at Which There Is No Inclination