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Michael has been charged with murder, but he doesn't seem to understand the charge against him.He doesn't seem to understand that if he pleads guilty, he is going to go to prison.His attorney has been trying to work with him to no avail; Michael has not been rational the entire time he has been in custody.Since a defendant's competence is only evaluated in terms of one's ability to stand trial, it is likely that he'll just be advised to go ahead and enter a plea.
Quantity Supplied
The actual amount of a good or service producers are willing to sell at some specific price.
Supply Curve
A graphical representation that shows the relationship between the price of a good and the quantity of the good that suppliers are willing and able to sell, holding other factors constant.
Price-elastic
Refers to the responsiveness of the demand for a good to a change in its price; highly price-elastic goods see significant changes in demand when prices fluctuate.
Shifts to the Right
A phrase indicating an increase in supply or demand in economic graphs, typically showing improvement or growth.
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