Which mathematical concept revolutionized retail pricing by enabling businesses to analyze how price changes affect demand across multiple related products?

Test your knowledge about how mathematics influences retail pricing strategies! Modern retailers use sophisticated mathematical models to optimize pricing decisions. From dynamic pricing algorithms to game theory applications, mathematics plays a crucial role in determining how products are priced in competitive markets. This question explores a specific mathematical concept that revolutionized retail pricing optimization.

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Cross-price elasticity matrices
Fibonacci sequence modeling
Markov chain discounting
Euclidean distance clustering