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Question
- define equilibrium (1pt)
Brief Explanations
In various fields like economics, physics, etc., equilibrium refers to a state where opposing forces or influences are balanced, resulting in a stable situation with no net change. For example, in a market, equilibrium is when quantity demanded equals quantity supplied. In physics, it can be a state where the net force on an object is zero.
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A state where opposing forces or influences are balanced, resulting in stability and no net change.