answer 3 economics

Dixie Chicken sells an average of 2022 Freddie Burger platters per month over the past 6 months at an average of $8.73 each. The price elasticity of Demand for this platter is estimated to be -1.51 If Dixie Chicken decreases the price of the platter by 20% how many Freddie Burger platters will Dixie Chicken self *HINT - use the basic formula: Elasticity = (Unknown Q / Change in Price) x (Average Price / Average Quantity sold) enter your answer for HOW many Burger platters will be sold FOLLOWED by whether the elasticity value is inelastic or elastic eg. 1274 elastic 4 e.g. 2814 Inelastic Answer Check