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 market-clearing price was determined. In the Walrasian system, only price adjustment operated to equate the quantity supplied with the quantity demanded. 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