Equilibrium model assumes:
“Colonization and extinction rates balance” for equilibrium model assumes. This relationship follows from the ecological mechanism represented by the terms in the item, not merely from an association between their names. At equilibrium, species identities can continue to turn over even when richness is approximately stable. The model predicts a balance of rates, not an absence of colonization or extinction. The remaining alternatives—“Species number continually increases”, “Extinction rate decreases”, “Immigration rate constantly increases”—refer to different states, processes, or scales and t
Ref: The Theory of Island Biogeography, MacArthur & Wilson, Ch. 2-4