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The phrase "dynamic equilibrium" is correct and usable in written English, as it is a scientific term.
You can use it when describing a process in which competing factors are balanced by each other, such as a system of supply and demand. For example: "The market is currently in dynamic equilibrium, with supply and demand keeping prices stable."
Dictionary
dynamic equilibrium
noun
Any equilibrium in which opposite changes occur simultaneously.
Exact(60)
Mifepristone may disrupt this dynamic equilibrium, blocking adhesion dynamics, and, tentatively, migration as well.
Molecular dynamics simulations and SAXS demonstrate a dynamic equilibrium between open and closed conformations in solution.
With straight bands incised into subtly colored eggshell glazes, each has a refined dynamic equilibrium (Johnson).
The resulting dynamic equilibrium maintains an orderly balance in the world.
That transcendent resiliency derives from changeability and permeability, and thus from a kind of dynamic equilibrium between natural and artificial elements.
That means finding ways to manage the economy so that it can flourish but not grow – remaining in a state of "dynamic equilibrium".
Minimal change occurs where epeirogenic regions are occupied by morphogenic areas that are in states of dynamic equilibrium.
The local pressure field and the strongly curved wind field move toward a dynamic equilibrium called cyclostrophic balance.
A dynamic equilibrium is created between those ions leaving and those attracted back to the negatively charged metal surface.
The model deals with the dynamic equilibrium of ENVEEM triads.
Micelles are in dynamic equilibrium, constantly disintegrating and reforming.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com