1) Chemical kinetics describes relationships between reaction rates and concentrations of reactants and products. Enzyme kinetics follows Michaelis-Menten kinetics which describes reaction rates at varying substrate concentrations.
2) The Michaelis-Menten equation models reaction rates as substrate concentration increases, with an initial linear increase until reaching the maximum reaction rate (Vmax) at substrate saturation.
3) The Michaelis constant KM represents the substrate concentration at half Vmax and indicates an enzyme's affinity for its substrate. Lower KM means higher affinity.