Use the figure below to answer the following questions.
Figure 3.5.1
-If the demand curve is D2 in Figure 3.5.1,
Definitions:
Legitimate Power
Aform of authority wherein power is granted through an established structure or system, such as in managerial or governmental roles.
Coercive Power
Coercive power is a form of influence gained from the ability to punish or withhold resources, often utilized in leadership or organizational contexts to enforce compliance.
Reward Power
The influence and control an individual has over others by providing or withholding rewards.
Cause Advocacy
The activity of fighting for, defending, or pleading on behalf of a cause or issue to bring about social change.
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