Explain Why a Negative $\Delta$ G Does Not Necessarily Mean It Will Be a Rapid

question 51

Essay

Explain why a negative $\Delta$ G does not necessarily mean it will be a rapid reaction.

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Definitions:

Indifference Curve

A curve that shows consumption bundles that give the consumer the same level of satisfaction

Absolute Price

The price of a good or service without taking inflation or purchasing power into account.

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent, pointing out the preferences of the consumer for one combination of goods over another.

Bowed Inward

A description often used in economics to illustrate a production possibility frontier that indicates increasing opportunity costs for producing goods.