The state where the concentrations of all reactants and products remain constant with time. On the molecular level, there is frantic activity. Equilibrium is not static, but is a highly dynamic situation. law of mass action- jA + kB lC + mD where A, B, C, and D represents chemical species and j, k, l, and m are their coefficient in the balanced equation. The law of mass action is represented by the equilibrium expression: The square brackets indicate the concentrations of the chemical species at equilibrium, and K is a constant called the equilibrium constant.