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The reaction shown below occurs in the blood between hemoglobin (Hb) and oxygen. Hb + O2 ⇌ HbO2 Which of the following correctly describes this reaction: A. equilibrium reaction B. in the lungs, the reaction proceeds to the right C. in the muscles, the reaction proceeds to the left D. The K value for the reaction is extremely small. a) B and C only b) a and D only c) A, B, and C only d) A, B, C, and D