Paper 2 · equilibrium
A stable equilibrium position is one in which
Athere are endless fluctuations.
Bthere are only two forces influencing the equilibrium position.
Cthere are never any departures from the equilibrium position.
Dany departure from the equilibrium position calls into play forces which tend to restore that position.
Explanation: By definition, a stable equilibrium is one where any departure triggers forces that restore the original equilibrium.
ZIMSEC Economics Paper 2, November 2010, Q7
