The color of the system will change between pink and blue depending on the concentration of species.
Equilibrium is attained in a reaction when the rate of forward reaction is equal to the rate of reverse reaction. Now consider the equilibrium;
Co(H2O)6^2+(aq) + 4Cl^-(aq) ⇄ CoCl4^2-(aq) + 6H2O(l)
We know that Co(H2O)6^2+(aq) is pink while CoCl4^2-(aq) is blue hence, if the concentration of the species are changed, the color of the system will change accordingly.
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