When There Few Close Substitutes Available for a Good, Demand

question 111

Multiple Choice

When there few close substitutes available for a good, demand tends to be

• A)perfectly inelastic.
• B)perfectly elastic.
• C)relatively inelastic.
• D)relatively elastic.

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Definitions:

Positive Affective Tone

The overall emotional atmosphere within a group that is characterized by positive feelings among members, contributing to mutual liking and harmony.

Collective Efficacy

The shared belief within a group in their collective power to achieve objectives or produce desired outcomes.

Collective Efficacy

The shared belief in a group’s capabilities to organize and execute the courses of action required to achieve given levels of attainment.

Task Cohesion

The degree to which group members work together in a coordinated and cooperative manner toward a common goal.