Statics is the action of one body on another. A force is either a push or a pull. A force tends to move a body in the direction of its action. The action of a force is characterized by its magnitude, by the direction of its action, and by its point of application. Thus, force is a vector quantity, because its effect depends on the direction as well as on the magnitude of the action. Forces are classified as either contact or body forces. A contact force is produced by direct physical contact; an example is the force exerted on a
Quantity adjustment Quantity adjustment In economics, quantity adjustment is the process by which a market surplus leads to a cut-back in the quantity supplied or a market shortage causes an increase in supplied quantity. It is one possible result of supply and demand disequilibrium in a market. Quantity adjustment is complementary to pricing. In the textbook story, favored by the followers of Leon Walras, if the quantity demanded does not equal the quantity supplied in a market, "price adjustment" is the rule: if there is a market "surplus" or glut (excess supply), prices fall, ending the glut, while a "shortage" (excess demand)