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Erdahl Corporation's management believes that every 7% increase in the selling price of one of the company's products leads to a 11% decrease in the

Erdahl Corporation's management believes that every 7% increase in the selling price of one of the company's products leads to a 11% decrease in the product's total unit sales. The product's price elasticity of demand as defined in the text is closest to: -1.72 -1.84 -1.05 -2.05 PLEASE SHOW ALL WORK. THANKS.!

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