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An ethical dilemma arises in a situation when each alternative choice or behavior is undesirable because of potentially harmful ethical consequences.
Export Demand
The desire and willingness of foreign buyers to purchase goods and services from a country.
Domestic Demand
The total demand for goods and services within a country, including both consumer and business purchases.
Total Demand Curve
Represents the total quantity of a good that all consumers in a market are willing to purchase at different price levels.
Price Elasticity
A measure of how the quantity demanded of a good or service changes in response to changes in its price.
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