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Consider the following equilibrium,
4NH3(g)+ 3O2(g) 2N2(g)+ 6H2O(g)+ 1531 kJ
State whether the concentrations of the products would increase, decrease, or remain constant after nitrogen gas was removed from the system.
Government Tax
is a compulsory financial charge imposed by a government on individuals, organizations, or transactions to fund public expenditure.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service relative to its market price, representing the benefit to consumers from participating in the market.
Producer Surplus
The deviation between the selling price producers are content with for a good or service and what they ultimately receive.
Tax Revenue
The income that is collected by governments through the imposition of taxes on various activities, transactions, income, and property.
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