Final answer:
Dynamic equilibrium means that the rates of the forward and reverse reactions are equal, not that both rates go to zero. The correct answer is (a) which states that equilibrium is when the formation rates of products and reactants are the same.
Step-by-step explanation:
The statement that 'When dynamic equilibrium is achieved, the rate of the forward and backward reactions go to zero' is false. Instead, a chemical equilibrium exists when the rate at which reactants form products is the same as the rate at which products form reactants. This means that the correct answer is (a). Dynamic equilibrium does not imply that the reactions have stopped; rather, it indicates that the reactions are continuously occurring at equal rates. Therefore, both the forward and reverse reactions continue, and the concentrations of the reactants and products remain constant.
It is crucial to understand that at equilibrium, while the concentrations of reactants and products don't change, this does not necessarily mean that their quantities are equal. What defines equilibrium is the rates of the forward and reverse reactions being equal, leading to a stable ratio of reactants and products.