In this demonstration, when zinc (Zn) is mixed with hydrogen chloride (HCl), a chemical reaction occurs. Zinc reacts with hydrochloric acid to produce zinc chloride (ZnCl2) and hydrogen gas (H2). The formation of bubbles in the solution indicates that a gas is being released, which is the hydrogen gas produced in the reaction. As the gas is produced, it inflates the balloon attached to the flask.
Since a new gas (hydrogen) is generated from the reaction between zinc and hydrochloric acid, this indicates that one or more new substances formed during the demonstration. Therefore, the correct conclusion is:
One or more new substances formed.