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PLT restaurant sold 2,500 lunch boxes during the past month with a price of $10.00 per lunch box. During this month, the price of a

PLT restaurant sold 2,500 lunch boxes during the past month with a price of $10.00 per lunch box. During this month, the price of a lunch box is increased by $5.00 and the total number of lunch boxes sold now is 2,200. What is the price elasticity of demand? What is the effect of the decrease in the #of lunch boxes to the total revenue for the PLT restaurant during this month?

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