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Grade: 12th pass

                        

is it possible to have an equilibrium point that is both unstable and stable?

2 months ago

Answers : (1)

RISHIKA
549 Points
							
dear friend
STABLE EQUILIBRIUMEquilibrium that is restored if disrupted by an external force. Most economic models have equilibrium that is stable, reflecting the observation that the real world adapts to changes and maintains a fair degree of stability. The alternative to a stable equilibrium is an unstable equilibrium.
An unstable equilibrium exists if a model or system does not gravitate back to equilibrium after it is shocked. ... This change then disrupts the equilibrium, creating either a shortage or surplus. Prompted by the imbalance in the market, the price changes, which causes changes in quantity demanded and quantity supplied.
A system is in unstable equilibrium if, when displaced, it experiences a net force or torque in the same direction as the displacement from equilibrium. A system in unstable equilibrium accelerates away from its equilibrium position if displaced even slightly. An obvious example is a ball resting on top of a hill.

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2 months ago
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