Answer: Creating a heuristic
Explanation:
Based on the information given in the question, Dmitri is engaged in the creation of an heuristic.
A heuristic approach simply refers to the problem solving whereby a practical method is used to being about solutions which are sufficient but may not be optimal at that point in time.
<span>Substitution Effect, The idea that as prices rise (or incomes decrease) consumers will replace more expensive items with less costly alternatives</span>
Explanation:
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