If Pacific Power and Light Increased Its Rates by 10

question 182

Multiple Choice

If Pacific Power and Light increased its rates by 10% and experienced a 2% reduction in the demand for power, the demand would be

• A) elastic.
• B) minimal.
• C) minor elasticity.
• D) variable.
• E) inelastic.

---

Definitions:

Group Cohesiveness

The extent to which members of a group are bonded together, resulting in a strong sense of identity, commitment, and loyalty toward the group.

Cohesiveness

The degree to which members of a group or team are united toward common goals and exhibit loyalty to the group.

Social Loafing

The tendency of individuals to exert less effort when working in a group than when working alone.

Process Loss

The inefficiency and productivity loss that occurs in team processes, often due to poor coordination, communication, or conflict among team members.