Equilibrium Reactions

Question 1

What is the significance of the equilibrium constant being greater than 1?

Answer 1

then products are favored and the equilibrium lies far over to the right-hand side of the reaction equation.

Question 2

What is the significance of the equilibrium constant being less than 1?

Answer 2

1 then reactants are favored and the equilibrium lies far over to the left-hand side of the reaction equation.