What does the value, or magnitude, of the equilibrium constant (K) tell you about an equilibrium system? Be specific with your answer.

The statements that are correct are ‘A large Keq value indicates that products are favored.’ And ‘A small Keq value indicates that the reverse reaction will occur very quickly.’ Having large Keq means that the concentration of the product is greater than the reactants and so products are favored. Having small Keq means that the concentration of the reactants is greater than the product.