The binding of oxygen by hemoglobin in the blood involves the equilibrium reaction: HbH+(aq) + O2(aq)HbO2(aq) + H+(aq) In this equation, Hb is hemoglobin. The pH of normal human blood is highly controlled within a range of 7.35 to 7.45. Given the above equilibrium, why is this important? What would happen to the oxygen-carrying capacity of hemoglobin if blood became too acidic (a dangerous condition known as acidosis)?