buut didnt the back reaction increase???
When water has been added to the equilibrium system, the graph shows that the back reaction initially decreased significantly, then gradually increased at the similar rate the forward reaction decreases.
The reason being that as the system re-established equilibrium, more product has been formed, concentration of the product has increased, thus the rate of the backward reaction increases gradually. Also , the mole reactant has been decreased in this process of re-establishing equilibrium system, the concentration has alsbo been decreased, hence the forward reaction has been decreased gradually.
The forward reaction and the backward reaction eventually adjust to the same rate, where the equilibrium has been re-established. According to the definition of the equilibrum system, the rate of the forward reaction equals the the back reaction.
As to the next question, the equilibrum constant thus does not change after this change. ( Temperature is the only factor that may alter the Keq value of a system)