Explanation: To study the outcomes, we will apply Le-Chatelier's principle.
Le-Chatelier's principle states that if there is any disturbance in the conditions of the dynamic equilibrium, the position of equilibrium will counteract the change.
1) The rate of the forward reaction increases.
This will happen when we add the reactant to a chemical reaction. According to Le-Chatelier's principle, by increasing the reactant, the equilibrium will shift in the direction where this effect is minimal. Hence, forward reaction is favored.
2) The rate of the revere reaction increases.
This will happen when we remove the reactant from a chemical reaction. According to Le-Chatelier's principle, by removing the reactant, the equilibrium will shift in the direction where this effect is minimal. Hence, reverse reaction is favored.
3) The concentration of product increases.
This will happen when we add reactants to a chemical reaction. According to Le-Chatelier's principle, when we increase the concentration of reactants, the equilibrium will shift in the direction where this effect is minimal. Hence, the reaction will be in the forward direction which means that the concentration of product will increase.
4) The concentration of products decreases.
This will happen when we remove reactants from a chemical reaction. According to Le-Chatelier's principle, when we decrease the concentration of reactants, the equilibrium will shift in the direction where this effect is minimal. Hence, the reaction will be in the reverse direction which means that the concentration of reactants will increase or concentration of products will decrease.