In a Reversible Reaction, When the Rate of Product Formation

question 14

Multiple Choice

In a reversible reaction, when the rate of product formation is equal to the rate of reactant formation, the reaction is

• A) stopped.
• B) at equilibrium.
• C) in danger of exploding.
• D) a net decomposition reaction.
• E) a net synthesis reaction.

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Definitions:

Deadweight Loss

A reduction in total welfare or economic efficiency, typically resulting from inefficiencies such as taxes or monopolies.

Mutually Beneficial Transactions

Economic exchanges where both parties gain value or benefit from the transaction.

No-Tax Equilibrium

A market situation where goods or services are exchanged without the imposition of taxes, leading to an unaltered allocation of resources.

Elastic Demand

The case in which the price elasticity of demand is greater than 1.