A competitive inhibitor operates by binding to the enzyme's substrate-binding site, which is also known as the active site. This binding directly competes with the natural substrate.
This statement is correct. It accurately describes the fundamental mechanism of competitive inhibition, where the inhibitor occupies the active site.
This statement is incorrect. Competitive inhibitors interact with the enzyme itself, specifically at the active site, not with the substrate molecule.
The effectiveness of a competitive inhibitor is inversely related to the substrate concentration. By adding more substrate, the enzyme is more likely to bind the substrate than the inhibitor.
This statement is correct. As the substrate concentration increases, it successfully competes with the inhibitor, reducing the inhibitor's overall effect on enzyme activity.
This statement is incorrect. Higher substrate concentrations diminish the inhibitor's effectiveness, making it less potent, not more.
Conclusion: The correct statements detailing the behavior of a competitive inhibitor are that it binds to the substrate-binding site and is less effective at higher substrate concentrations.
The kinetics of an enzyme in the presence (+I) or absence (-I) of a reversible inhibitor is described in the following graph.

If concentration of the reversible inhibitor in +I experiment was equal to $3.0 \times 10^{-3}$ M, then the dissociation constant for the enzyme-inhibitor complex is