Step 1: Evaluating Assertion (A):
Equilibrium is divided into static (at rest) and dynamic (in motion). Dynamic equilibrium occurs when an object is in motion with a constant velocity vector, meaning the net external force ($\sum \vec{F} = 0$) and net torque acting on it are zero. Thus, Assertion (A) is True.
Step 2: Evaluating Reason (R):
A cyclist maintaining a steady speed in a straight line or a sprinter running smoothly at peak velocity are classic real-world examples of dynamic equilibrium, where forces like propulsion balance out air resistance and friction. Thus, Reason (R) is True.
Step 3: Assessing the Logical Link:
The reason provides specific examples that illustrate the definition given in the assertion. Because these examples directly apply the principle of constant velocity motion under balanced forces, (R) serves as a correct explanation for (A).