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3. The Dixie Chicken sells 2000 Burger platters per month at $4.50 each. The own-price elasticity for this platter 1s estimated to be 1.60. If

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3. The Dixie Chicken sells 2000 Burger platters per month at $4.50 each. The own-price elasticity for this platter 1s estimated to be 1.60. If the Dixie Chicken decreases the price of the platter by 70 cents: (6 points) a) How many platters of chicken would sell? b) The Dixie Chicken's revenue will change by ) Consumers will be off as a result of this price change

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