The intersection between the upward sloping function (the supply curve) and the downward sloping function (the demand curve) is the equilibrium price of the market, the point at which the wishes of consumers and suppliers meet.
The graph described should be like the one attached. The example includes the demand and supply curves and the equilibrium price of a market of agricultural products.
When the economic authorities set a minimum price (also called price floor), above the equilibrium price there is a situation of excess supply.
- Producers are willing to produce a larger quantity in the price floor scenario, as they will earn a higher price per unit commercialized.
- Consumers are willing to consume a smaller amount of product units at a more expensive prices.
The wishes of producers and consumers do not meet in the price floor situation, the quantity supplied is larger than the quantity demanded and therefore there is an excess supply.
The APA or American Psychological Association has 2 amendments. These are:
1.Conflicts Between Ethics and Law, Regulations, or Other Governing Legal Authority.
If psychologists’ moral authority and leadership conflict with the law, protocols, or other governing lawful authority, psychologists elucidate the nature of the struggle, make known their pledge to the Ethics Code and take sensible steps to resolve the conflict reliable with the said rules and regulation.
2. Conflicts Between Ethics and Organizational Demands.
If the commands or requests of a society with which an expert or specialist in psychology is associated or for whom they are employed are in contrasts with this Ethics Code, an expert or specialist in psychology explain the nature of the conflict, make known their obligation to the Ethics Code.
It all means that an expert or specialist in psychology can unable to use moral values from the code to validate, legalize or defend the defilement of human rights
Answer:
More convinced that the evidence was insufficient.
Explanation:
According to the group polarization hypothesis, after the jurors deliberated, they would be<em> more convinced that the evidence was insufficient. </em>The group polarization hypothesis states that group decisions are more extreme than the initial thought of individual members. In this case, the jurors individually believe that there is insufficient evidence to convict the defendant. After deliberations, and due to the group polarization hypothesis they will be<em> more</em> convinced that the evidence is insufficient.
Texas law requires all real estate license holders to give the information to prospective buyers, tenants, sellers, and landlords.
The protection of one's homestead from creditors, landlord-tenant relationships, and other issues relating to one's house or place of residence are all covered under Texas property and real estate law.
Zoning laws are another aspect of the property and real estate laws; they specify the kinds of buildings that are allowed in a specific area. For instance, a landlord may ask for an unlimited amount of security deposit in Texas, but the tenant must receive their security deposit back within 30 days of the lease's expiration.
In Texas, there are statutes of limitations, or deadlines, for bringing complaints in civil claims involving bodily injury, false imprisonment, defamation, and fraud.
To learn more about Texas law refer to:
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Answer:
The US is the world's leading producer of Natural Gas.
