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Which of the following factors would indicate less elastic demand?
Level Of Happiness
A measure or assessment of how content, satisfied, or happy an individual or group feels.
Skill Level
Refers to the degree of competence or proficiency an individual has in a particular area or activity.
Multiple Linear Regression
A statistical method where various contributing factors are used to determine the expected outcome of a particular variable.
Residual
The difference between an observed value and the value predicted by a model in statistics and regression analysis.
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