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5. Solve for the Ed and derive the appropriate classification for this hypothetical product: (Show your work step-by-step to receive full credit). Make sure you

image text in transcribed 5. Solve for the Ed and derive the appropriate classification for this hypothetical product: (Show your work step-by-step to receive full credit). Make sure you use the formula I specified on the "Very Important Note" I wrote under #1. Po $7 and Qo=22,000 units P1-$6 and Q1=25,000 units

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