FAQ: Can I downgrade from iOS 7.1.1 or iOS 7.1?

Last weekend, I answered one of the most frequently asked questions since Apple released iOS 7.1.1: Can I jailbreak iOS 7.1.1 or iOS 7.1?
So the next logical question that people who want to jailbreak their iOS device want to know is: Can I downgrade from iOS 7.1.1 or iOS 7.1.1 to iOS 7.0.6 – iOS 7?
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