Examlex
The price elasticity of demand is
Syllogistic Reasoning
A form of deductive reasoning where a conclusion is drawn from two given or assumed premises, each of which shares a common term not present in the conclusion.
Formal Logic
A system of reasoning based on strict principles and rules aimed at deriving valid conclusions from given premises.
Letter/Number
Symbols or characters used in language systems and mathematics to represent sounds, words, quantities, or concepts.
System II
This term is likely meant to describe "System 2" from dual-process theories of cognition, which represents slow, analytical, and conscious thought processes.
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