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A product costs $14. When the price increases by $2, the quantity demanded decreases by 15 units. The price elasticity of demand is unitary
A product costs $14. When the price increases by $2, the quantity demanded decreases by 15 units. The price elasticity of demand is unitary when the price increases from $14 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.
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