The point at which there is no inclination for the price to rise or fall is called price:
A) equilibrium
B) stability
C) leverage
D) symmetry
E) status quo

Question

Quizplus · Accepted Answer

Equilibrium is the point where the supply and demand for a particular product are equal, resulting in no inclination for the price to rise or fall. This represents a balance between the quantity of goods buyers are willing to purchase, and the quantity of goods that are available for sale at a certain price level. Choice B) stability, while related, does not capture the concept of balance between supply and demand. Choices C), D), and E) are not directly relevant.

The Point at Which There Is No Inclination for the Price