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Static equilibrium (economics), the intersection of supply and demand in any market Sunspot equilibrium , an economic equilibrium in which non-fundamental factors affect prices or quantities Underemployment equilibrium , a situation in Keynesian economics with a persistent shortfall relative to full employment and potential output
This means that the equilibrium price depends positively on the demand intercept if g – b > 0, but depends negatively on it if g – b < 0. Which of these possibilities is relevant? In fact, starting from an initial static equilibrium and then changing a, the new equilibrium is relevant only if the market actually goes to that new equilibrium ...
A stationary object (or set of objects) is in "static equilibrium," which is a special case of mechanical equilibrium. A paperweight on a desk is an example of static equilibrium. Other examples include a rock balance sculpture, or a stack of blocks in the game of Jenga , so long as the sculpture or stack of blocks is not in the state of ...
In the thermodynamics of equilibrium, a state function, function of state, or point function for a thermodynamic system is a mathematical function relating several state variables or state quantities (that describe equilibrium states of a system) that depend only on the current equilibrium thermodynamic state of the system [1] (e.g. gas, liquid, solid, crystal, or emulsion), not the path which ...
The smallest object that appears to have an equilibrium shape is the icy moon Mimas at 396 km, but the largest icy object known to have an obviously non-equilibrium shape is the icy moon Proteus at 420 km, and the largest rocky bodies in an obviously non-equilibrium shape are the asteroids Pallas and Vesta at about 520 km. However, Mimas is not ...
Mechanical equilibrium: If at every point within a given system there is no change in pressure with time, and there is no movement of material, the system is in mechanical equilibrium. Phase equilibrium : This occurs when the mass for each individual phase reaches a value that does not change with time.
The static equilibrium of a particle is an important concept in statics. A particle is in equilibrium only if the resultant of all forces acting on the particle is equal to zero. In a rectangular coordinate system the equilibrium equations can be represented by three scalar equations, where the sums of forces in all three directions are equal ...
The structure has no possible states of self-stress, i.e. internal forces in equilibrium with zero external loads are not possible. Statical indeterminacy, however, is the existence of a non-trivial (non-zero) solution to the homogeneous system of equilibrium equations. It indicates the possibility of self-stress (stress in the absence of an ...