Hemoglobin is an iron-containing protein in red blood cells that carries oxygen from the lungs to the rest of the body. The equation for this process is as follows:
\[Hb + O_2 \leftrightarrow HbO_2\]
where \(Hb\) is hemoglobin, \(O_2\) is oxygen, and \(HbO_2\) is
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