In a preseason sale, Target offered a discounted "early bird" price of $70 on all kids pijamas and noted a moderate increase in weekly sales from 275 to 305 pairs per week. The $5 discount from the regular price represents a modest ____________ percent markdown and implies a price elasticity of demand of _______________. Group of answer choices 6.7% , -1.5 5.2%, -1.2 5%, -1.1 6%, -1.95