The following scheme shows the relationship between an enzyme (E) and its substrate (S), product (P) and an inhibitor (I):
In the above scheme, assume that
(i) increasing the concentration of S increases the activity of the enzyme
(ii) at low substrate concentrations, the presence of I reduces reaction velocity, and
(iii) the same maximum velocity of reaction can be reached in the presence or absence of I.
Which of the following terms best describes what is occurring in pathway B?