Pressures Toward Conformity Have a Stronger Effect on Our Behavior

question 62

Multiple Choice

Pressures toward conformity have a stronger effect on our behavior when ________.

• A)we observe a particular group of persons engaging in irrational behavior
• B)the group we observe is very small
• C)different members of a particular group are saying or doing different things
• D)we like and admire a particular group of persons
• E)we dislike a particular group of persons

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Definitions:

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unaffected by changes in price.

Price Elasticity of Demand

A measure of how responsive the quantity demanded of a good is to a change in its price, often used to gauge the relative change in demand as a result of price fluctuations.

Soccer Balls

Spherical balls designed and used specifically for the sport of soccer.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a specific price point.