Dynamic equilibrium is when the rate of the forward and  reverse reactions are equal.  The  reaction will appear to have stopped, as the concentrations of each species  won’t change, but the reaction continues to proceed in both directions.
                        Equilibrium constants
                          Equilibrium constant expressions are the ratio of the  concentrations of products to reactants using their coefficients from the  balanced equation as exponents.  Pure  solids and liquids are not included in the equilibrium constant  expression.  Equilibrium concentrations  are plugged into the expression to solve for the equilibrium constant.  A large equilibrium constant means that the  reaction “lies to the right” with more products than reactants at equilibrium.  A small constant means that the reaction  “lies to the left” with more reactants the products present at equilibrium. 
                        Reaction Quotients
                          The reaction quotient is the value when concentrations at any  time are plugged into the equilibrium constant expression.  If the reaction quotient equals the  equilibrium constant, then the system is at equilibrium.  If the reaction quotient is too large, the  reaction will proceed to the left to produce more reactants (and reduce  products).  The opposite will happen if  the reaction quotient is too small.
                        Solving equilibrium problems
                          A simple technique for solving equilibrium problems is the ICE  chart method:
                        
                          
                            - Make a table with the reactants and products  across the top
 
                            - Place “ICE” down the left hand side, for  Initial, Change and Equilibrium.
 
                            - Fill in any given information from the problem.
 
                            - Use the balanced equation’s stoichiometric ratio  to determine the “change” row.
 
                          
                         
                        To solve the problem using the ICE chart:
                        
                          
                            - If an equilibrium concentration is known, you  can determine the “change” and find the other equilibrium concentrations to plug  in and solve for K
 
                            - If you don’t know any equilibrium  concentrations, write expressions for them and plug in the expressions into  your “K” equation to solve for them.
 
                            - If the K is very tiny (10-5 or  smaller), you may approximate that the change is insignificant compared to the original  value (if the original value is > 0)   e.g.:  0.25 M – x » 0.25  M
 
                          
                         
                        Solubility equilibrium 
                          The solubility equilibrium constant is written for a  dissolution reaction (a solid compound dissociates when dissolved in  water).  The pure solid reactant is not  included in the expression.  A saturated  solution is one that is at equilibrium.  
                        Le Chatelier’s Principle
                          Le Chatelier’s principle says that if a system at equilibrium  is stressed or changed, the system will shift to reach equilibrium again.  Whatever you do to the system, it will un-do  it.  For example, if you add more  reactants, the reaction will proceed to the right to get rid of the extra  reactants and make more products.