There is no surplus or shortage
there is no surplus or shortage
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
To maximise profits, the quantity of output reached (supply) must be lesser than the demand, increasing the value and consequently the price of a certain good or service.
no
equilibrium
There is no surplus or shortage
there is no surplus or shortage
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
equilibrium is reached equilibrium is reached
Forward and reverse reactions continue with no effect on the concentraction of the reactants and products.
At equilibrium its not changing (any more).
an equilibrium
When a system has reached chemical equilibrium, the concentrations of the reactants and product remain constant.
equilibrium :)
When thermal equilibrium is reached.
equilibrium
When thermal equilibrium is reached.