Examlex
The market for apples is in equilibrium at a price of $0.50 per pound.If the government imposes a price ceiling in the market at $0.40 per pound:
Groupthink
A psychological phenomenon wherein the desire for conformity within a group results in an irrational or dysfunctional decision-making outcome.
Cohesive
Referring to the property of an element or group to stay together tightly and function in a unified manner.
Groupthink
A psychological phenomenon in which the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.
Devil's Advocate
A role assumed by an individual or group in discussions or decision-making processes to challenge ideas and assumptions by presenting a contrary argument.
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