What Is a Pedigree? Explain a Situation in Which It

question 26

Short Answer

What is a pedigree? Explain a situation in which it could be used for genetic counseling.

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Definitions:

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Price Ceiling

A legal maximum price that can be charged for a good or service, above which it cannot be sold.

Excess Demand

A situation in a market where the quantity demanded of a good or service exceeds the quantity supplied at the current price.

Price Floor

A government or regulatory minimum price set above the equilibrium price, preventing the market price from falling below it.