A substrate will only fit the active site of one particular enzyme, just as a key only fits one specific lock.
What does the induced-fit model suggest?
The enzyme has a general shape but is flexible and can mould itself around the substrate.
How does an enzyme catalyse a reaction in the induced-fit model?
As the enzyme changes shape to fit the substrate, it puts a strain on it which distorts bonds in the substrate and lowers the activation energy needed to break them.
What happens if an enzymes environment changes?
It changes its shape.
What happens to the enzyme after the substrate is released in the induced-fit model?
It resumes its original shape ready to accept another substrate.