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Factors that influence the price elasticity of demand include
Racial Democracy
The concept that a society can be democratic and equitable across different racial groups, often critiqued for masking systemic racial inequalities.
Cultural Awareness
Refers to the understanding and appreciation of the differences and similarities within and between cultures.
Indirect Institutional Change
The gradual transformation of institutions through unintended or secondary effects of policies, actions, or broader societal shifts, not through direct reform efforts.
Direct Individual Change
Personal transformation or development initiated and completed by an individual through their own efforts.
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