Which of the Following Is TRUE of a System for Which

question 101

Multiple Choice

Which of the following is TRUE of a system for which
>> 1?

• A)It will take a short time to reach equilibrium.
• B)It will take a long time to reach equilibrium.
• C)The equilibrium favors the reverse reaction.
• D)The equilibrium favors the forward reaction.
• E)none of the above

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Definitions:

Consumer Sovereignty

The principle that the production and sale of goods and services in an economy are determined by the preferences and decisions of consumers.

Invisible Hand

A concept introduced by Adam Smith to describe how individuals’ self-interested actions can lead to positive social and economic outcomes for the community as a whole.

Self-Interest

An individual’s actions and decisions motivated by personal gain or benefit.

Public Interest

Denotes the well-being of the general public and the consideration of what is beneficial for society as a whole.