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When K equals one the concentration of products and reactants are equal, which is very rare. The only significance of K equalling one is that we can use it as a marker and say a K above one favors products and a K below one favors reactants
As mentioned above, when K=1, we can derive that the amounts of concentration of the products and reactants are equal at equilibrium. Such an occurrence indicates that there is equal stability in both the reactants and products and the reaction favors neither reactants nor products at equilibrium.
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