Enzymes are biological molecules that help catalyze reactions by lowering the energy of activation and increasing the rate of a reaction. They can do this by a number of mechanisms including: providing a template for substrates to join together in an efficient manner; distorting a substrate so it approaches the unstable/transition state; and providing a microenvironment conducive to a reaction. Inhibitors and activators can affect enzymes activity by slowing down and increasing enzyme activity respectively.

Enzyme activity can be affected by environmental factors such as temperature and pH. This is because proteins denature and lose their shape at high temperatures and extreme pHs. Most enzymes prefer to act under a temperature close to body temperature. Optimal pH is usually physiologic at pH 6 to 8; however, digestive enzymes prefer lower pH around 2 to 3 (e.g. pepsin, which makes sense because pepsin works in acidic conditions within the stomach). 

Enzymes are all proteins, however there are some RNA molecules that have been found to catalyze reactions, but they are termed ribozymes, not enzymes. They speed up reactions by lowering the activation energy of a reaction and do not change the energy states of the reactants or products. 

Enzymes work by lowering the activation energy of a reaction, which can occur either by bringing reactants closer together or by destabilizing the transition state. They do not affect the equilibirum of the reaction, meaning they do not affect the amount of reactants or products. They simply increase the speed at which products can be formed by reducing the amount of energy needed to power the reaction.

A competitive inhibitor will temporarily bind to the active site on an enzyme. This forbids substrates from entering the enzyme's active site and stops the enzyme from catalyzing the reaction.

In contrast, non-competitive inhibitors will bind to other regions of the enzyme, outside of the active site, and cause the active site to change shape. This change then prevents substrates from binding.

Inhibitors are able to prevent maximum enzymatic rates in a variety of ways. Some inhibitors, like noncompetive inhibitors, are able to attach at a point on the enzyme and alter its conformation. Competitive inhibitors, however, bind directly at the active site, which prevents substrate from entering the enzyme.

Competitive inhibitors are the only inhibitor type to bind directly to the enzyme actve site.

An inhibitor binds to an enzyme and stops it from performing its normal function. It does not destroy the enzyme and does not change the amount present, but it decreases the amount of activity of that enzyme.

Most inhibitors work by binding to an enzyme so that the substrate cannot bind to the enzyme, and thus the function cannot take place.

Inhibitors generally affect functionality by interfering with the reaction without altering the amount of substrate or enzyme molecules.

The correct answer is competitive inhibiiton by Compound A. You can gather that because Compound A's inhibitory properties were negated, the reaction rate increased. As a result, competitive inhibition by Compound A takes place since the reaction rate increases as reactant concentration increases which occurs regardless of inhibitor presence (assuming enough enzymes are present). In contrast, the concentration of reactants would be irrelevant in the case of allosteric regulation either by Compound A or an unknown compound. Enzyme Breakdown would not result in an increase of the reaction rate. 

A noncompetitive inhibitor does not directly compete with the substrate binding to the substrate-binding site of an enzyme. The inhibitor instead binds to another site on the enzyme, which alters the enzyme's affinity for its substrate; therefore, adding more substrate would not cause a change in enzymatic activity.