The correct option is (b) Variation in the apparent equilibrium constants of a two-substrate two-product reaction
Explanation: The diagram depicts a plot which shows the variation in the apparent equilibrium constants of a two-substrate two-product reaction with the relative component composition of a biphasic aqueous-organic system. The 2 substrate 2 product reaction may be given as,
A+B ⇋C+D
In all cases the partition coefficients are PA = 1, PB = 1 and PC = 100. The following values for the partition coefficient have been used, from the top downwards; 1, 0.1, 0.01, 0.001 and 0.0001.