_____ Refers to the Impaired Group Decision Making That Occurs

question 18

Multiple Choice

_____ refers to the impaired group decision making that occurs when making the right decision is less important than maintaining group harmony.

• A)Informational social influence
• B)Social facilitation
• C)Groupthink
• D)Group polarization

---

Definitions:

Price Floor

A government or group-imposed limit that prevents prices of goods or services from falling below a certain level.

Shortage/Surplus

A condition in a market where the quantity demanded is greater or less than the quantity supplied at the current price.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all other things being equal.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, typically set below the market equilibrium price.