Nash equilibrium is a game theory concept where optimal outcome is when there is no incentive for players to deviate from their initial strategy.

The acid and conjugate base each have different colors and as the equilibrium shifts from one direction to the other, the color of the indicator changes. As an example, the equilibrium of a weak acid ...

Competitive equilibrium is achieved when profit-maximizing producers and utility-maximizing consumers settle on a price that suits all parties.

Law of Mass Action: Check the State and Explanation of Law of Mass Action in Chemistry along with the application, formula and notes here for Class 11 and Class 12 students.