When Members of a Group Come Together with a Certain

question 1

Multiple Choice

When members of a group come together with a certain attitude,that attitude becomes more extreme after the group discusses it.This effect is called ________.

• A) social loafing
• B) decision polarisation
• C) responsibility diffusion
• D) the principle of least interest

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Definitions:

More Elastic

Referring to a greater sensitivity of quantity demanded or supplied to changes in price, compared to goods or services with less elasticity.

Demand Elasticity

A measure of how much the demand for a product or service changes in response to changes in its price or other factors.

Elasticity of Demand

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Perfectly Inelastic

A market situation where the quantity demanded or supplied does not change in response to a change in price.