Overall Score: 0 Intro L1 L3 L4 ? Question 1.2: After raising the price of Steak by 30%, how much of a percentage increase or decrease in sales should Jenny expect? Denote a decrease as negative and round your answer to two decimal places (e.g., -3.02%). % Check Answer Calculating Price Elasticity of Demand Item: Steak Price Quantity A USDA grade-A premium cut T-bone Old $14.00 40 steak. New $16.80 26 Percentage Price Elasticity of Demand = -1.75 20.00% -35.00% Change Welcome to Jenny's Grocery Apple Organic Whole Cola Milk Potato Chips BRAN O Ground Beef Raisin Bran Whole Milk Jam