If a chemical system at equilibrium experiences a change in concentration, temperature, volume, or total pressure, then the equilibrium shifts to partially counter-act the imposed change.
It is common to take Le Chatelier's principle to be a more general observation, roughly stated: "Any change in status quo prompts an opposing reaction in the responding system." This principle also has a variety of names, depending upon the discipline using it. See for example Lenz's law and homeostasis.
In chemistry, the principle is used to manipulate the outcomes of reversible reactions, often to increase the yield of reactions. In pharmacology, the binding of ligands to the receptor may shift the equilibrium according to Le Chatelier's principle thereby explaining the diverse phenomena of receptor activation and desensitization. And in economics, the principle has been generalized to help explain the price equilibrium of efficient economic systems.
This can be illustrated by the equilibrium of carbon monoxide and hydrogen gas, reacting to form methanol.
Suppose we were to increase the concentration of CO in the system. Using Le Châtelier's principle we can predict that the amount of methanol will increase, decreasing the total change in CO. If we are to add a species to the overall reaction, the reaction will favor the side opposing the addition of the species. Likewise, the subtraction of a species would cause the reaction to fill the “gap” and favor the side where the species was reduced. This observation is supported by the "collision theory". As the concentration of CO is increased, the frequency of collisions of that reactant would increase also, allowing for an increase in forward reaction, and generation of the product. Even if a desired product is not thermodynamically favored, the end product can be obtained if it is continuously removed from the solution.
This is an exothermic reaction when producing ammonia. If we were to lower the temperature, the equilibrium would shift in such a way as to produce heat. Since this reaction is exothermic to the right, it would favor the production of more ammonia. In practice, in the Haber process the temperature is instead increased to speed the reaction rate at the expense of producing less ammonia.
Once again, let us refer to the reaction of nitrogen gas with hydrogen gas to form ammonia:
Note the number of moles of gas on the left hand side, and the number of moles of gas on the right hand side. When the volume of the system is changed, the partial pressures of the gases change. Because there are more moles of gas on the reactant side, this change is more significant in the denominator of the equilibrium constant expression, causing a shift in equilibrium.
Thus, an increase in pressure due to decreasing volume causes the reaction to shift to the side with the fewer moles of gas. A decrease in pressure due to increasing volume causes the reaction to shift to the side with more moles of gas. There is no effect on a reaction where the number of moles of gas is the same on each side of the chemical system (or equation).
3. P.W. Atkins, The Elements of Physical Chemistry, 3rd edition, Oxford University Press, 1993, p. 114