Answer: The concentration fluctuates between high and low during the reaction.
Explanation: In a chemical reaction, the reactants are converted into products and the concentrations of the species involved in the reaction change over time. The proposed mechanism describes how the reaction occurs, and it can give an insight into how the concentrations of the species change during the reaction.
When the reaction starts, the concentration of reactants is high, and the concentration of products is low. As the reaction progresses, the reactants are consumed, and the products are formed. The concentration of reactants decreases, and the concentration of products increases.
At some point, the rate of the forward reaction is equal to the rate of the reverse reaction, and the reaction reaches equilibrium. At equilibrium, the concentrations of the reactants and products remain constant, and the reaction proceeds at a steady state.
Therefore, based on the proposed mechanism, the concentration of the species represented in the equation fluctuates between high and low during the reaction, as the reactants are consumed, and the products are formed, until reaching the equilibrium state.