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What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
When does market equilibrium occur?
When demand equals supply.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
How do we calculate IS equilibrium of national income?
IS equilibrium in national income is achieved when the total output (income) in an economy equals total spending (expenditure). This is represented by the IS curve, which shows the relationship between interest rates and income where investment equals saving. To calculate it, we set the aggregate demand (consumption + investment + government spending + net exports) equal to the aggregate supply (national income) and solve for the income level. At the equilibrium point, any changes in interest rates will shift the IS curve, resulting in a new equilibrium income level.
What is Equilibrium price?
The price of a product when demand equals supply
What are the two kinds of equilibrium?
The two kinds of equilibrium are the folowing:Physical, which is an open system, and the rate of substances in, equals the rate of substances out.The other equilibrium is chemical equilibrium, which is a closed system, and the rate of the forward reaction equals the rate of the reverse reaction.
When does an equilibrium occur?
An equilibrium occurs when the rate of the forward reaction equals the rate of the reverse reaction. This means that the concentrations of reactants and products remain constant over time. Equilibrium can only be reached in a closed system under certain conditions, such as constant temperature and pressure.
The reaction shown below reaches equilibrium with the concentrations H2O2 equals 0.05 H2O equals 0.11 O2 equals 0.07 What is the equilibrium constant for this reaction?
0.34
The reaction shown below reaches equilibrium with the concentrations H2O2 equals 0.55 H2O equals 0.75 O2 equals 0.15 What is the equilibrium constant for this reaction?
0.28
What are the uses of general equilibrium?
General equilibrium theory is used in economics to analyze the interactions between different markets in an economy and the concept of market clearing where supply equals demand. It helps to understand the overall efficiency and distribution of resources in an economy, as well as the impact of different policies or shocks. General equilibrium models are also used to study trade policies, tax reforms, and other macroeconomic phenomena.
What is the relationship between the rate of evaporation and the rate of condensation of the vapor of a liquid in a closed container and has a constant vapor pressure?
In a system at constant vapor pressure, a dynamic equilibrium exists between the vapor and the liquid. The system is in equilibrium because the rate of evaporation of liquid equals the rate of condensation of vapor. -KarkatHorns
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
The reaction shown below reaches equilibrium with the concentrations H2O2 equals 0.15 H2O equals 0.21 O2 equals 0.25 What is the equilibrium constant for this reaction?
The equilibrium constant (Kc) for the reaction would be [O2]/([H2O2]^[H2O]) = 0.25/(0.15*0.21) = 7.94
When does market equilibrium occur?
When demand equals supply.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
The equilibrium constant for the reaction below is 0.49 At equilibrium O2 equals 0.11 and N2 equals 0.15 What is the equilibrium concentration of NO?
To find the equilibrium concentration of NO, first calculate the equilibrium constant expression using the given concentrations of O2 and N2. Then, rearrange the equilibrium constant expression to solve for the concentration of NO. Finally, substitute the values of O2 and N2 concentrations into the rearranged expression to find the equilibrium concentration of NO.
A dynamic balance in which the rate of the forward process equals the rate of the reverse process is known as?
Dynamic equilibrium.
