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A product costs $13. When the price increases by $3, the quantity demanded decreases by 18 units. The price elasticity of demand is unitary when
A product costs $13. When the price increases by $3, the quantity demanded decreases by 18 units. The price elasticity of demand is unitary when the price increases from $13 to $16. What is the corresponding percentage change in quantity demanded? Use the midpoint method in your calculations, and round to two decimal places if necessary. Answer 2 Points Keypad Keyboard Shortcuts Next Prev
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