A subject performing a closed circuit hypoxic response test…

A subject performing a closed circuit hypoxic response test has the following data: Time           0              1min               2min                3min                  4min PetCo2       38             40                    43                    43                       44 SPo2           95             93                    90                    87                       83 VE               4.5            4.6                   4.7                   4.9                      5.1   These findings are consistent with which of the following?