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Consider the following elasticity table. Brands Dixie Bare Hefty Solo PL Dixie -1.89 0.75 0.75 1.93 0.44 Bare 0.5 -3.52 3.75 0.55 3.25 Note:

Consider the following elasticity table. Note: PL=Private Labels (Store Brands)Dixie understands that more often than not when they lower price Solo follows the price change. Based on historical data, it  

Consider the following elasticity table. Brands Dixie Bare Hefty Solo PL Dixie -1.89 0.75 0.75 1.93 0.44 Bare 0.5 -3.52 3.75 0.55 3.25 Note: PL=Private Labels (Store Brands) Hefty 0.75 3.89 -3.75 0.75 2.21 Solo 3.52 0.15 0.45 -2.65 0.25 PL 0.85 2.95 1.75 0.65 -5.25 Dixie understands that more often than not when they lower price Solo follows the price change. Based on historical data, it seems that Solo follows Dixie's price decrease is about 3/4 of the time. Suppose Dixie is thinking about a 5% price decrease. What will be the effect on Dixie's sales? answer must me x.xx%

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