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SuperMeds Corporation develops a new drug that controls severe acne. The drug is not approved by the government for sale in the United States because one of its ingredients is a banned chemical. This chemical is not banned in Mexico. Whether it is ethical for SuperMeds to sell the drug in Mexico depends on
Percentage Change
A mathematical calculation that shows how much a number has increased or decreased compared to its previous value, expressed as a percentage.
Complementary Goods
Goods and services that are used together; when the price of one falls, the demand for the other rises (and conversely).
Inelastic
A term describing demand when it changes by a smaller percentage than changes in price.
Elasticity of Demand
An index indicating the degree to which demand for a product changes in response to a price change, where an elasticity greater than one signifies a high level of responsiveness.
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