Examlex
What is the equation relating the equilibrium constant Kn for the neutralization of a weak acid with a weak base to the Ka of the acid,the Kb of the base and Kw?
Surplus
The situation in which the quantity supplied of a product exceeds the quantity demanded at a given price.
Excess Demand
A situation where the quantity demanded of a product exceeds the quantity supplied at a given price, often leading to price increases.
Rationing Mechanism
A system or method used to allocate scarce goods, services, or resources among people with competing demands.
Market Economies
Economic systems where decisions on production, investment, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
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