Examlex
Which of the following are dimension reduction methods? (You may select more than one option.)
Price Elasticity of Demand
A gauge of demand elasticity in reaction to price adjustments for a particular commodity.
Unity
In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.
Inelastic
Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.
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