Final answer:
Blood has physical properties such as color, density, and state, and chemical properties like oxygen transport, buffering capacity, and coagulation.
Step-by-step explanation:
Blood consists of both physical properties and chemical properties that define its characteristics and behavior in the body. The physical properties of blood include its red color, its liquid state at body temperature, its density, and its volume which varies between individuals. On the other hand, chemical properties of blood involve its ability to transport oxygen and carbon dioxide, its buffering capacity to maintain pH, and the coagulation process which is a response to injury leading to blood clots forming.
For example, the chemical property of coagulation is essential as it involves a cascade of reactions resulting in the formation of a clot, which is a completely new substance, demonstrating the characteristic ability of a substance to react to form new substances.