The document discusses chemical equilibrium for the reaction aA + bB ⇌ cC + dD. It provides the rate expressions for the forward and reverse reactions and shows that at equilibrium, these rates are equal. Graphs illustrate how the concentrations of reactants and products remain constant once equilibrium is reached, while the rates continue at the same value in both directions. The key concept covered is that chemical equilibrium is a dynamic state where the rates of the forward and reverse reactions are equal.