Answer : The most likely happens during this reaction is, Oxidation-reduction
Explanation :
The balanced reaction will be,

In this reaction, neutral iron loses 3 electrons and oxidizes in (+3) state,
and neutral oxygen gains 2 electrons and reduces in (-2) state,
When iron react with oxygen gas to give iron oxide. This process is known as iron rusting. During the reaction, oxidation-reduction process occurs.
Oxidation : It is a type of chemical reaction in which a substance loses its electrons. Or we can say that in oxidation, the oxidation number increases.
Reduction : It is a type of chemical reaction in which a substance gains its electrons. Or we can say that in reduction, the oxidation number decreases.
The answer is volume because The base units of length and volume are linked in the metric system. By definition, a liter is equal to the volume of a cube exactly 10 cm tall, 10 cm long, and 10 cm wide. Because the volume of this cube is 1000 cubic centimeters and a liter contains 1000 milliliters, 1 milliliter is equivalent to 1 cubic centimeter.
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Lol hoped this helped
Substance a is a base, and substance b is an acid