PPT-CHANGES IN EQUILIBRIUM

OF CONSUMER INCOME SUBSTITUTION AND PRICE EFFECTS INCOME EFFECT Income effect is the effect on the quantity demanded of the commodity due to the change in the income of the consumer while the prices of the other commodities remain . MICROECONOMICS. Principles and Analysis. . Frank Cowell . Almost essential . A Simple Economy. Useful, but optional. Firm: Optimisation. Consumer Optimisatio. n. Prerequisites. July 2015. 1. Note: the detail in slides marked “ * ” can only be seen if you run the slideshow. Chemistry 6/4/15. What kind of “shifts” did you see yesterday?. In the popular restaurant model, how could you “shift” the number of people in the restaurant?. HW. :. “Direction of shift” for each System completed. Reactions are reversible. A + B C + D ( forward). C + D A + B (reverse). Initially there is only A and B so only the forward reaction is possible. As C and D build up, the reverse reaction speeds up while the forward reaction slows down.. Dr. Ron Rusay. © Copyright 2003-2010 R.J. Rusay. Chemical Equilibrium. The reactions considered until now have had reactants react completely to form products. These reactions “went” only in one direction.. CMPT 882. Computational Game Theory. Simon Fraser University. Spring 2010. Instructor: Oliver Schulte. 1. Equilibrium Refinements. A complex game may have many Nash . equilibria. .. Can we predict which one players will choose?. Author: Wesley Tung. Technical Things. A chemical equation of a reaction uses mole ratios to describe the production of products from reactants.. In . , hydrogen and oxygen are reactants, and water is a product.. A . reversible reaction . can be approached from either direction. In a . closed system. , no reactants or products can enter or escape. For equilibrium to be achieved, a reaction must be . reversible. Isothermal study (sample preparation and characterisation methods. ). Diffusion couple – local equilibrium. Experimental methods used for phase diagram construction. Static methods. Dynamic methods . What’s . New here?. . Incomplete information: . Example: . Battle of the sexes . game,But. Bob . doesn’t know . what Alice wants . (i.e. her payoffs from possible outcomes). In previous examples we had “. This web quiz may appear as two pages on tablets and laptops.. I recommend that you view it as one page by clicking on the open book icon at the bottom of the page.. 3c – Market Equilibrium - Macro. Lecture 8. How do deal with individual ions in aqueous solution?. We can’t simply add Na. . to a solution (positive ions would repel each other).. We can add . NaCl. . How do we partition thermodynamic parameters between Na. The Haber process proceeds as follows:. . 2NH. 3 (g). + 92KJ ↔ N. 2 (g). + 3H. 2 (g) . . If the equilibrium concentrations are:. [NH. 3. ] = 3.1x10. -2. M. [N. 2. ] = 8.5x10. -1. M. [H. 2. . Scalars and vectors. . Types of forces. . Resultant of forces. . Equilibrium of particles. Scalar and Vectors. . Scalar - . a physical quantity that is completely described by a real number. The Meaning of K. . K > 1 . . the equilibrium position is far to the right . K < 1 . . the equilibrium position is far to the left . The value of . K. for a system can be calculated from a known set of equilibrium concentrations. .