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Le Chatelier's principle
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Le Chatelier's principle

Principle that if a change in conditions is imposed on a system in equilibrium, the system will react to counteract that change and restore the equilibrium.

First stated in 1884 by French chemist Henri le Chatelier (1850–1936), it has been found to apply widely outside the field of chemistry.
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Arthur Snow [*] The intuition that constrained choices are less elastic as well as suboptimal is confirmed by LeChatelier's principle in economic models of optimizing behavior for environments with no uncertainty.
LeChatelier Effects for the Competitive Firm under Price Uncertainty by Snow, Arthur / Southern Economic Journal
 
 
 
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