MARKETS: Equilibrium is achieved at the price at which quantities demanded and supplied are equal. We can represent a market in equilibrium in a graph by showing the combined price and quantity at which the supply and demand curves intersect.

How do you know when equilibrium is reached?

When the curve levels out and the concentrations all become constant, equilibrium has been reached. At equilibrium, concentrations of all substances are constant.

When the equilibrium is established there occurs?

Since the number of molecules of reactants getting converted to products is equal to the number of molecules of products getting converted to reactants, there is no change in concentration of reactants. and products.