Ch.13 - Social Behaviour

question 21

Multiple Choice

Ch.13 - Social Behaviour
The Skeins are a punk-rock band known for their amazing music, high energy, and their YouTube videos of pranks they play on each other while on tour. Their first album was wildly popular and they gained world-wide fame before the members of the band reached the age of 21. They have just released their fourth album, Rock >>> Pop-Punk Drama, and it lives up to its name, as their sound has changed a lot (taking on more of a rock tone than a punk vibe) . They're going on tour for the new album.
-In an interview about their new album,the lead singer says he wrote the first draft of the first song alone.When he presented it to the group,they made changes and it became even more different than their older music,even though they knew their fans might hate this new style.This is a case of ________.

• A) group polarization
• B) groupthink
• C) risky shift
• D) conformity

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Definitions:

Increased Demand

Describes a situation where a larger number of consumers are willing and able to purchase a good or service at a given price, often leading to higher prices or a market shortage if supply does not increase correspondingly.

Price Ceiling

A legally established maximum price that can be charged for a good or service, preventing prices from reaching equilibrium levels.

Surplus

A situation where the quantity of a product supplied exceeds the quantity demanded, often resulting in a decrease in prices.

Shortage

A shortage occurs when the demand for a product exceeds the supply of that product at a specific price.