This document discusses chemical equilibrium. It defines chemical equilibrium as a state where the rates of the forward and reverse reactions are equal, such that the concentrations of reactants and products no longer change over time. It describes how equilibrium can be altered according to Le Chatelier's principle - if a stress such as a change in concentration, temperature, or pressure is applied to a system at equilibrium, the position of equilibrium will shift to counteract the applied change and re-establish equilibrium. Specific examples are provided of how changing concentration, temperature, and pressure can shift equilibrium in reversible reactions.