Examlex
The demand for a good is unit elastic with respect to price if the price elasticity of demand is:
Cohesive Group
A group in which members feel bonded together, promoting mutual respect, agreement, and support for each other.
Groupthink
A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.
Outside Opinion
Perspectives or advice coming from individuals not directly involved in a situation or issue.
Pressure To Conform
The social influence that encourages individuals to match their attitudes, beliefs, or behaviors to group norms.
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