$3.7 \times 10^5 \textrm{N/m}^2$ Giancoli 6th Edition, Chapter 10, Problem 18(1:30) Chapter 10, Problem 18 is solved. Start My Free Week View sample solution
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So I understand that the pressure pushing up counters the pressure pushing down but only results to a zero net pressure.
So in reality, the water is only kept from moving [up or down] and does not actually come out of the faucet.