ECONOMICS
AGGREGATE DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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S= I
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S>I
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S<I
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None of the above
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Detailed explanation-1: -When rate of forward reaction is equal to the rate of backward reaction then equilibrium is supposed to be established.
Detailed explanation-2: -If rG<0, the reaction is at equilibrium.
Detailed explanation-3: -This means if we add reactant, equilibrium goes right, away from the reactant. If we add product, equilibrium goes left, away from the product. If we remove product, equilibrium goes right, making product.
Detailed explanation-4: -Decreasing a concentration The position of equilibrium moves to the left. This is essentially what happens if one of the products is removed as soon as it is formed. If, for example, C is removed in this way, the position of equilibrium would move to the right to replace it.