For the generalized equilibrium we have:
A+BrightleftharpoonsC+DA+B⇌C+D
Now we have a rate forward,
k_f[A][B]kf[A][B], and a rate backwards, k_r[C][D]kr[C][D].
k_fkf and k_rkr are unspecified rate constants, whose ratio must be determined by measurement.
The condition of chemical equilibrium is reached when,
"rate forward "-=" rate backwards"rate forward ≡ rate backwards,
i.e. ([C][D])/([A][B])=k_f/k_r=K_"eq"[C][D][A][B]=kfkr=Keq.
K_"eq"Keq is the thermodynamic equilibrium constant, WHICH must be measured for a given reaction, and for a given temperature. Because chemical change is conceived to continue even after equilibrium is reached, even tho "net chemical change"net chemical change is nil, this is labelled as "dynamic chemical equilibrium."dynamic chemical equilibrium. After equilibrium is reached, NO NET CHEMICAL CHANGE OCCURS.