<span>I think Excess demand is handled by decreasing prices.
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Answer:
In a communist system, a single political party controls the government. In a democracy, the people can elect officials from different parties.
Explanation:
The concept which is best represented by given scenario is "groupthink".
<h3>What is groupthink?</h3>
Groupthink is a phenomenon that happens when people's rational desires to offer alternatives, challenge a viewpoint, or voice an unpopular opinion are suppressed in favour of group consensus. Here, the need for group cohesiveness effectively stifles wise judgement and creative problem-solving.
Characteristics of Groupthink Behavior are-
- Direct pressure: The in-group and the out-group are the two camps that groupthink separates into. A decision is accepted by the in-group, while the out-group challenges it or objects.
- The appearance of invulnerability: When there is no room for discussion or opposing viewpoints, in-group team members feel overconfident and take more risks when making judgments.
- Direct pressure: Groupthink breaks into two camps: the in-group and the out-group. The in-group agrees to a choice, whereas the out-group questions it or objects.
- Self-censorship: Groupthink victims will suppress any ideas or viewpoints that differ from the group's. They might even start to question their ideas and convictions.
- Reasoning: Groupthink promotes participants to discount any outside information, particularly cautionary or critical messages. If they pay attention to this information, they might reflect more deeply or change their minds.
To know more about Groupthink, here
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