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Consider This Rxn Which Has a Δ G ° =

question 38

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Consider this rxn which has a Δ G ° = +0.4 kJ\mol.
A + B ↔ C + D
1 M A, 1 M B, 0.1 M C and 0.1 M D are added to a container at room temperature. Which of the following statements is true?

Discuss the rationale behind imposing price floors and ceilings.
Evaluate the arguments for and against minimum wage laws and other price controls.
Appreciate the complexity of real-world labor markets and the implications of government intervention.
Understand the concept and implications of price ceilings and floors in markets.

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