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Why would it be important for forensic psychologists to be competent conductors and consumers of research?
Shortage/Surplus
A state in the marketplace where the demand for a good surpasses its supply, causing a shortage, or where the supply of a product outpaces its demand, resulting in a surplus.
Demand Schedule
A chart detailing the amount of a product that buyers are ready and capable of buying at different price levels.
Supply Schedule
A table or graph showing the quantity of a product that producers are willing to supply at different prices over a specified period.
Supply Curve
An illustrated depiction that maps out the connection between a product's price and the volume of the product that providers are ready to sell.
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