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Erdahl Corporation's management believes that every 10% increase in the selling price of one of the company's products leads to a 14% decrease in the

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Erdahl Corporation's management believes that every 10% increase in the selling price of one of the company's products leads to a 14% decrease in the product's total unit sales. The product's price elasticity of demand as defined in the text is closest to: (Do not round intermediate calculations.) (1.58) (1.24) (0.63) (1.06)

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