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Answer the question based on the following data. Price Per Unit Quantity Demanded Per Unit of Time $ 20 12 18 17 16 20 14
Answer the question based on the following data.
| Price Per Unit | Quantity Demanded Per Unit of Time |
|---|---|
| $ 20 | 12 |
| 18 | 17 |
| 16 | 20 |
| 14 | 24 |
| 12 | 30 |
| 10 | 36 |
| 8 | 40 |
| 6 | 44 |
| 4 | 48 |
What is the price elasticity of demand over the range of $12 to $14?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
