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What is goods market equilibrium?
Goods market equilibrium occurs when the amount of desired saving and desired investment are equal, i.e. no unplanned changes in inventory. Both the investment and saving curves are a function of the real interest rate.
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What changes the equilibrium quantity to change?
It changes when the market demand and or market supply changes.
Why is equilibrium not possible in a dynamic economy?
Equilibrium is not possible in a dynamic economy because the economy is constantly changing and evolving. Factors such as technological advancements, shifts in consumer preferences, and changes in government policies can all impact the economy and prevent it from reaching a stable equilibrium. This constant state of flux makes it difficult for the economy to settle into a state of balance.
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
What is used to describe the conditions of a reaction to equilibrium?
An equilibrium constant
If the temperature of a reaction increases what happens to the value of the equilibruim constant?
Equilibrium constant changes when temperature changes. For an endothermic reaction, the equilibrium constant increases with temperature while for an exothermic reaction equilibrium constant decreases with increase in temperature. Equilibrium constants are only affected by change in temperature.
Does taking water out of an equilibrium reaction change the equilibrium constant?
No, the equilibrium constant is independent of concentration as long as the ratio of products and reactants remains as is. It can be effected by anything that would influence the ratio of products and reactants, such as changes in temperature or the addition of a catalysis.
How can one calculate the equilibrium constant with temperature?
To calculate the equilibrium constant with temperature, you can use the Van 't Hoff equation, which relates the equilibrium constant to temperature changes. The equation is: ln(K2/K1) -H/R (1/T2 - 1/T1), where K is the equilibrium constant, H is the enthalpy change, R is the gas constant, and T is the temperature in Kelvin. By rearranging the equation and plugging in the known values, you can calculate the equilibrium constant at a specific temperature.
What is goods market equilibrium?
Goods market equilibrium occurs when the amount of desired saving and desired investment are equal, i.e. no unplanned changes in inventory. Both the investment and saving curves are a function of the real interest rate.
What is the difference between dissociation constant and equilibrium constant?
The dissociation constant describes the extent to which a compound breaks apart into its ions in a solution, specifically for weak acids or bases. The equilibrium constant, on the other hand, describes the ratio of product concentrations to reactant concentrations at equilibrium for a chemical reaction.
Why the temperature be constant n nernst distribution law?
In the Nernst Distribution Law, temperature is assumed to be constant because the equilibrium constant is temperature-dependent. By keeping the temperature constant, the ratio of concentrations of products to reactants, as calculated by the Nernst Equation, remains valid under the assumption of equilibrium. Any changes in temperature can affect the equilibrium constant and therefore disrupt the accuracy of the Nernst Distribution Law.
Why are the potassium and nitrate ions not involved in the equilibrium reaction?
Potassium and nitrate ions are spectator ions in the equilibrium reaction, meaning they do not participate in the chemical changes and are present on both sides of the equation without being consumed or produced. They do not affect the equilibrium or the equilibrium constant of the reaction.
When a population is not evolving what is it called?
When a population is not evolving, it is called being in genetic equilibrium. This means that the frequency of alleles in the population remains constant from generation to generation. Evolution requires changes in allele frequencies, so genetic equilibrium indicates no evolution is occurring.
What happens when a reaction is at equilibrium?
When a reaction is at equilibrium, the rate of the forward reaction is equal to the rate of the reverse reaction. This means that the concentrations of reactants and products remain constant over time, creating a balanced state where no further changes occur.
What are the characteristics of a chemical system in equilibrium?
all the changes to a system cancel out APEX
Why can the concentration of water be ignored in the equilibrium expression for water?
The concentration of water remains relatively constant compared to other reactants/products in solution, so it does not significantly affect the equilibrium constant. Additionally, water is a solvent that is usually present in large excess, so changes in its concentration have minimal impact on the equilibrium position.
