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Question 38- of 58 Step 1 of 1 01:03:48 A product costs $12. When the price increases by $1, the quantity demanded decreases by 13
Question 38- of 58 Step 1 of 1 01:03:48 A product costs $12. When the price increases by $1, the quantity demanded decreases by 13 units. The price elasticity of demand is unitary when the price increases from $12 to $13. What is the corresponding percentage change in quantity demanded? Use the midpoint method in your calculations, and round to two decimal places if necessary, Answer 2 Points Keyp Keyboard Shon Prev
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