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If sellers respond substantially to changes in the price, then:
Valid Constraints
Restrictions or conditions that are applicable and necessary in mathematical problems or models.
Linear Programming
A mathematical method used in operations research to find the best possible solution to a problem within given constraints.
Product-Mix
The variety of different products and services a company offers to its customers.
Limited Resources
The finite availability of inputs such as time, money, labor, and materials, which restricts the ability to meet demand or achieve certain objectives.
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