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Price elasticity of demand can be written as percentage change in Q divided by percentage change in P.
Outcome-Based Ethics
An ethical framework that focuses on the results or consequences of actions to determine their moral value, rather than the actions themselves.
Potential Benefits
The possible advantages or positive outcomes that may result from a particular action or policy.
Decision Makers
Individuals or groups responsible for making choices that set a course of action for themselves or an organization.
Moral Principles
Fundamental beliefs and values that guide individuals in determining what is right and wrong behavior.
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