The Notion That Groups Alternate Between Periods of Inertia and Bursts

question 10

Multiple Choice

The notion that groups alternate between periods of inertia and bursts of energy as they develop is most consistent with:

• A)storming-norming stage
• B)forming-storming stage
• C)punctuated equilibrium
• D)evolution-revolution in group development

---

Definitions:

Inelastic

Describes a situation where the demand for a good or service is relatively unresponsive to changes in its price.

Market Power

Market power is the ability of a firm or a group of firms to raise and maintain prices at above-normal levels, influencing the terms and conditions of a particular market.

Elastic

Describes how the amount of a good that is demanded or supplied changes in reaction to a price adjustment.

Imperfectly Competitive

Describes markets where individual sellers have some control over the price of their products, unlike in perfect competition.