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Equilibrium is the point where demand = supply

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15y ago

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Related Questions

Is internal equilibrium from quasi equilibrium?

No, internal equilibrium is not the same as quasi equilibrium. Internal equilibrium refers to a system being in a state where there is no net change in composition, while quasi equilibrium refers to a process that occurs almost at equilibrium, but not necessarily at the exact equilibrium point.


What is equilibrium conversion how does it effect design of reactor?

equilibrium conversion is that which is at equilibrium concentration


What are the two types of equilibrium and how are they different?

The two types of equilibrium are static equilibrium and dynamic equilibrium. Static equilibrium is when an object is at rest, while dynamic equilibrium is when an object is moving at a constant velocity with no acceleration. Static equilibrium involves balanced forces in all directions, while dynamic equilibrium involves balanced forces with movement.


What is used to describe the conditions of a reaction to equilibrium?

An equilibrium constant


The price of peanut butter rises due to a blight on the peanut crop. peanut butter and jelly are complements. What happens to the equilibrium quantity and price of jelly?

(A)Equilibrium price falls, equilibrium quantity increases (B) Equilibrium price rises, equilibrium quantity falls (C) Equilibrium price falls, equilibrium quantity falls (D) Equilibrium price rises, equilibrium quantity rises


When a surplus of a product will arise when price is above equilibrium or below equilibrium?

above equilibrium


What is used to describe the conditions of a reaction at equilibrium?

The equilibrium constant (K) is used to describe the conditions of a reaction at equilibrium. It provides information about the relative concentrations of products and reactants at equilibrium.


What is difference between physical and chemical balance?

The difference is that chemical equilibrium is the equilibrium of products and reactants in a reaction while physical equilibrium is the equilibrium of the physical states of the same substance.


What is correlated equilibrium of the prisoner's dilema game?

In PD the only correlated equilibrium is a Nash equilibrium. No strictly dominated strategy can be played in a correlated equilibrium


Which of the following correctly matches the equilibrium receptor to the type of equilibrium it monitors?

maculae/static equilibrium


The maintenance of equilibrium while stationary or moving is termed?

Static equilibrium and dynamic equilibrium, respectively.


What happens when a system in equilibrium is subjected to change?

equilibrium readjusts itself and a new equilibrium is established

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