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Q d P 0 20 4 15 8 10 12 5 16 0 Consider Table 1. Interpret the price elasticity of demand. Categorize the product

Q_dP

0 20

4 15

8 10

12 5

16 0

Consider Table 1.
Interpret the price elasticity of demand.
Categorize the product based on its price elasticity

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