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Define and discuss the Sharpe, Treynor, and Jensen measures of portfolio performance evaluation and the situations in which each measure is the most appropriate measure.
Less Elastic
Less elastic refers to a demand or supply that is relatively unresponsive to changes in price compared to a perfectly elastic curve.
Increase Price
A decision by a supplier or manufacturer to raise the cost at which goods or services are sold.
Complement Good
A product that is used together with another product, where the use of one increases the demand for the other.
Substitute Good
A product or service that can be used in place of another to satisfy the same need or desire.
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