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A product's price was $6, and its quantity demanded was 60 units. Then, the quantity demanded decreased by 40 units, while the product's price increased

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A product's price was $6, and its quantity demanded was 60 units. Then, the quantity demanded decreased by 40 units, while the product's price increased by $5. Calculate the price elasticity of demand. Use the midpoint method in your calculations and enter your answer as a positive number in the box below, rounding to two decimal places if necessary. Answer 2 Points Keyboard Shortcuts

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