Answer: [tex]2Li+MgBr_2\rightarrow 2LiBr+Mg[/tex]
Explanation:
Single replacement reaction is a chemical reaction in which more reactive element displaces the less reactive element from its salt solution.
A more reactive element is one which can easily lose or gain electrons as compared to the other element.
The balanced chemical equation is:
[tex]2Li+MgBr_2\rightarrow 2LiBr+Mg[/tex]
Here Lithium being more reactive than magnesium, it can easily displace magnesium from its salt solution and form lithium bromide and magneium in elemental form.