{"id":51617,"date":"2024-04-15T23:27:23","date_gmt":"2024-04-15T23:27:23","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=51617"},"modified":"2024-04-15T23:27:23","modified_gmt":"2024-04-15T23:27:23","slug":"a-particular-price-level-there-are-no-forces-tending-to-move-it-either-up-or-down-it-means-1-the-firm-is-in-equilibrium-2-the-price-is-in-equilibrium-3-the-equilibrium-price-of-the-firm-4-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-particular-price-level-there-are-no-forces-tending-to-move-it-either-up-or-down-it-means-1-the-firm-is-in-equilibrium-2-the-price-is-in-equilibrium-3-the-equilibrium-price-of-the-firm-4-the\/","title":{"rendered":"A particular price level, there are no forces tending to move it either up or down, it means 1. the firm is in equilibrium. 2. the price is in equilibrium. 3. the equilibrium price of the firm. 4. the equilibrium price and quantity of a firm. Select the correct answer"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Both 1 and 4&#8243; option2=&#8221;1, 2 and 4&#8243; option3=&#8221;Both 1 and 3&#8243; option4=&#8221;Only 4&#8243; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>Both 1 and 4<\/strong>.<\/p>\n<p>A particular price level, there are no forces tending to move it either up or down, it means that the firm is in equilibrium and the price is in equilibrium.<\/p>\n<p>The firm is in equilibrium when the quantity supplied is equal to the quantity demanded. This means that the firm is producing the amount of output that consumers are willing and able to buy at the current price.<\/p>\n<p>The price is in equilibrium when there is no tendency for it to change. This means that the price is at a level where the quantity supplied is equal to the quantity demanded.<\/p>\n<p>In conclusion, both the firm and the price are in equilibrium when there are no forces tending to move them either up or down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Both 1 and 4&#8243; option2=&#8221;1, 2 and 4&#8243; option3=&#8221;Both 1 and 3&#8243; option4=&#8221;Only 4&#8243; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-51617","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A particular price level, there are no forces tending to move it either up or down, it means 1. the firm is in equilibrium. 2. the price is in equilibrium. 3. the equilibrium price of the firm. 4. the equilibrium price and quantity of a firm. Select the correct answer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-particular-price-level-there-are-no-forces-tending-to-move-it-either-up-or-down-it-means-1-the-firm-is-in-equilibrium-2-the-price-is-in-equilibrium-3-the-equilibrium-price-of-the-firm-4-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A particular price level, there are no forces tending to move it either up or down, it means 1. the firm is in equilibrium. 2. the price is in equilibrium. 3. the equilibrium price of the firm. 4. the equilibrium price and quantity of a firm. Select the correct answer\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Both 1 and 4&#8243; option2=&#8221;1, 2 and 4&#8243; option3=&#8221;Both 1 and 3&#8243; option4=&#8221;Only 4&#8243; correct=&#8221;option2&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-particular-price-level-there-are-no-forces-tending-to-move-it-either-up-or-down-it-means-1-the-firm-is-in-equilibrium-2-the-price-is-in-equilibrium-3-the-equilibrium-price-of-the-firm-4-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T23:27:23+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A particular price level, there are no forces tending to move it either up or down, it means 1. the firm is in equilibrium. 2. the price is in equilibrium. 3. the equilibrium price of the firm. 4. the equilibrium price and quantity of a firm. 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