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This lecture covers the concept of chemical equilibrium, focusing on the equilibrium constant, solubility product, and common ion effect. It also explores simultaneous equilibria through examples involving the calculation of ion concentrations in saturated solutions. Additionally, it discusses the importance of reversible bonds in biological processes and coordination chemistry. The dissolution process, solvation, and enthalpy of dissolution are explained, emphasizing the role of solute-solvent interactions. Various equilibrium calculations and the impact of temperature on solubility are also addressed.