Which mathematician first introduced the concept of 'price elasticity of demand' that became fundamental to modern retail pricing strategies?

The intersection of mathematics and retail pricing has revolutionized how products are sold. Behind many modern dynamic pricing algorithms are sophisticated mathematical models that optimize revenue while maintaining customer satisfaction. This poll tests your knowledge of the historical development of mathematical pricing strategies that transformed retail economics and created the foundation for today's AI-driven pricing systems.

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• Alfred Marshall (1890)
• John Nash (1951)
• Adam Smith (1776)
• Paul Samuelson (1947)

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