In fluid mechanics, displacement occurs when an object is immersed in a fluid, pushing it out of the way and taking its place. The volume of the fluid displaced can then be measured, and from this the volume of the immersed object can be deduced (the volume of the immersed object will be exactly equal to the volume of the displaced fluid).
An object that sinks displaces an amount of fluid equal to the object's volume. Thus buoyancy is expressed through Archimedes' principle, which states that the weight of the object is reduced by its volume multiplied by the density of the fluid. If the weight of the object is less than this displaced quantity, the object floats; if more, it sinks. The amount of fluid displaced is directly related (via Archimedes' Principle) to its weight.
In the case of an object that sinks (is totally submerged), the volume of the object is displaced. In the case of an object that floats, the amount of fluid displaced will be equal in weight to the displacing object.
Read more about Displacement (fluid): Applications of Displacement
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