Comment on the Following Statement

question 7

Essay

Comment on the following statement. "Once general equilibrium is achieved this will result in a long-run equilibrium as well."

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Definitions:

Mineral Deposit

A mass of naturally occurring rocks and other materials that are especially rich in some commodity that might be valuable.

Leaching

The separation or dissolution of soluble constituents from a rock, sediment, or soil by percolation of water.

RePrecipitate

The process in which dissolved substances crystallize or become solid again from a solution.

Angle of Repose

The steepest angle at which loose material, like sand or gravel, can be piled without slumping, determined by the frictional contact between the particles.