Question: Answer the question based on the following data. Price Per Unit Quantity Demanded Per Unit of Time $ 20 12 18 17 16 20 14

Answer the question based on the following data.

Price Per Unit Quantity Demanded Per Unit of Time
$ 20 12
18 17
16 20
14 24
12 30
10 36
8 40
6 44
4 48

What is the price elasticity of demand over the range of $12 to $14?

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