This document discusses the allosteric property of hemoglobin. It explains that hemoglobin exhibits homotropic and heterotropic effects that allow for efficient oxygen transport. The binding of oxygen to one subunit of hemoglobin facilitates the binding of oxygen to the remaining subunits, demonstrating positive cooperativity. Additionally, the affinity of hemoglobin for oxygen decreases in response to increases in hydrogen ions and carbon dioxide, allowing for effective oxygen unloading in tissues.