What is Michaelis-Menton equation? Describe its significance in affecting the rate of an enzymatic reaction.
The Michaelis-Menton equation is a fundamental equation in enzymology that describes the rate of enzymatic reactions involving a single substrate. It is given by:
\[ v = \frac{{V_{\text{max}} [S]}}{{K_{\text{M}} + [S]}} \]
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