Examlex
Consider the following reaction at equilibrium: 2C (g)
2CO (g) +
(g) ΔH° = -514 kJ
Le Châtelier's principle predicts that removing (g) to the reaction container will ________.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive, measured above the supply curve.
Market Price
The existing price point at which an asset or service is traded in a designated market area.
Market
A system through which buyers and sellers interact to trade goods, services, or resources.
Law Of Supply
The principle that, all else equal, an increase in the price of a good will result in an increase in the quantity supplied.
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