There is balance: demand equals supply (in economics).
Prices are stabilized. Risks for firms are reduced to a minimum.
Kc is the equilibrium constant.
equilibrium conversion is that which is at equilibrium concentration
above equilibrium
They are in thermal equilibrium, not rotational equilibrium.
(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
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.
Equilibrium is the point where demand = supply
Answer it!
Static equilibrium and dynamic equilibrium, respectively.
equilibrium readjusts itself and a new equilibrium is established
maculae/static equilibrium
In PD the only correlated equilibrium is a Nash equilibrium. No strictly dominated strategy can be played in a correlated equilibrium