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Draw a figure showing: (1)in Panel A a nation's demand and supply curve for A traded commodity and the nation's excess supply of the commodity, (2)in Panel C the trade partner's demand and supply curve for the same traded commodity and its excess demand for the commodity,and (3)in Panel B the supply and demand for the quantity traded of the commodity,its equilibrium price,and why a price above or below the equilibrium price will not persist.At any other price,QD ≠ QS,and P will change to P₂.
Overt Behavior
Overt behavior refers to observable actions and responses of an individual that can be seen and measured directly by others.
Retained
Kept in possession or memory; not lost or forgotten.
Self-reinforcement
The process by which individuals reward themselves for reaching certain goals or exhibiting desirable behaviors, thus encouraging repeated action.
Personal Standards
Refers to the individual benchmarks or expectations one sets for themselves in various aspects of their lives, influencing behavior and self-assessment.
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