Rate of forward reaction is equal to the rate of the backward reaction
Dynamic equilibrium
When a reversible reaction is happening there is no overall affect because they are at the same rate. Product is breaking down just as quickly as it is being formed so there is no overall change in the concentrations of the reactants or products
Condition required to reach equilibrium
Reaction must take place in a closed system
Equilibrium lies to the right
Concentration of products is greater than reactants
Equilibrium lies to the left
Concentration of the reactants is greater than products
Are the concentrations of the products and reactants equal?
No as an equilibrium may lie to the right or left and that tells us which has the greater concentration