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Jeanette is concerned about getting pregnant with her husband, because she is afraid that she will pass on her recessive gene for a sickle cell disease and that her child will develop this condition. Based on what you know about the principles or dominant and recessive inheritance, what would you advise Jeanette?
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price in a given period.
Price Floor
A minimum legal price below which a product cannot be sold; to have an impact, a price floor must be set above the equilibrium price.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.
Substitution Effect
The economic concept that as prices rise (or incomes decrease), consumers will replace more expensive items with cheaper alternatives, holding utility constant.
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