Question: 1.Suppose you are given the following data on demand for a product. The price elasticity of demand when price decreases from $8 to $6 is:

1.Suppose you are given the following data on demand for a product. The price elasticity of demand when price decreases from $8 to $6 is:

Price ($)

10

9

8

7

6

Quantity Demanded

30

40

50

60

70

I need help with the answer and explanation. Thank you

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