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If the income elasticity of demand for some good is 2.4,a 10% increase in income results in
Potential Retribution
The possibility of punitive actions or consequences that might be faced as a result of a specific action or behavior.
Arbitrary Set
A collection of items or values chosen without a specific rule, pattern, or plan.
Performance Standards
The benchmarks against which performance is measured.
Performance Management Programs
Systems and processes that help improve employees' performance and align their objectives with the organization's goals.
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