Question: Question 8 2 pts For a given product, when its price rises from $20 to $25, the quantity demanded falls from 2,000 to 1,600 units.

Question 8 2 pts For a given product, when its price rises from $20 to $25, the quantity demanded falls from 2,000 to 1,600 units. The price elasticity of demand for this product is making the demand for this good in the price range between $20 and $25. O 2.33; elastic 0.72; inelastic O 1.00; unit elastic O 0.43; inelastic

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