Semi-empirical equations are derived that describe the dependence of shear stress on shear rate during the flow of a one-component suspension. The suspension is considered as consisting of three fractions: single grains of the solid phase, their dimers and trimers, between which reversible dimerization and trimerization reactions occur. In this case, dimerization and trimerization are considered as reactions with invariable rate constants, and dissociation of dimers and trimers as reverse reactions with rate constants that increase linearly with shear rate. The derived equations are based on the Krieger-Doherty formula generalized to the case of a multicomponent suspension. The equations describe well pseudoplasticity, dilatancy, thixotropy and rheopexy, as well as suspensions with variable behaviour (when pseudoplastic behaviour is replaced by dilatant behaviour, and thixotropic behaviour is replaced by rheopexic one and vice versa).