Claim: Student B best describes a chemical property.
Evidence: Student B explains that iron (Fe) is reactive to oxygen and water, leading to oxidation, which is a process that results in the formation of a new substance, rust. The description of oxidation and the formation of rust as a result of the reaction with oxygen are clear examples of chemical properties.
Reasoning: Chemical properties are defined by the ability of a substance to undergo a chemical change or reaction, resulting in the formation of new substances. In Student B's statement, the focus is on the reactivity of iron with oxygen and water, which inherently describes a process that changes the substance into something new (rust). In contrast, Students A and C incorrectly classified physical properties (like luster, texture, malleability, and ductility) as chemical properties, as these descriptions do not involve any change in the substance itself or the formation of new substances. Therefore, Student B's explanation accurately captures the essence of what constitutes a chemical property.