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Figure 3.14 Alt text for Figure 3.14: In figure 3.14, a graph plotting intersecting demand and supply curves represents the change in equilibrium point in the apple market with the decrease in the price of a substitute fruit, orange and the increase in the wages of apple workers.
Long description for Figure 3.14: The x-axis is labelled, Quantity and the y-axis is labelled, Price.Curve D1 is a straight line which slopes down from the top left corner to the bottom right corner.Curve D2 is parallel with curve D1, but is plotted to the left.Curve S1 is a straight line which slopes up from the bottom right corner to the top left corner.Curve S2 is parallel to curve S1, but is plotted to the left.The 4 curves intersect at 4 points; A, B, on the right side of the lines, and C and D, on the left sides of the lines.
-Refer to Figure 3.14.The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D1 and S1 (point
Mean IQ Score
The average score derived from standardized tests designed to measure human intelligence.
Flynn Effect
The observed substantial and long-term increase in intelligence test scores, measured in many parts of the world from roughly 1930 to the present day.
Heterosis
The phenomenon by which the offspring of genetically diverse parents exhibit qualities or performances superior to either parent.
Genetic Explanation
The rationale for the physical and behavioral characteristics of organisms, including humans, as influenced by the genes inherited from their parents.
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