The Squish, an upscale 150-seat restaurant, revises its menu every six months. The revisions are based, in part, on the price elasticity of demand for their menu items. During the thirty-day periods before and after the last menu revision, the selling prices and quantity sold of three items were as follows: Item Prior to revision After revision Price Quantity Price Quantity Super Burger $4.95 450 $5.45 400 Golden Chicken $6.45 800 $5.95 1,000 Ocean Delight $6.45 600 $6.95 400 The above sales quantities have remained fairly constant each month since the last menu revision. Q1: Compute the price elasticity of demand for each menu item. Q2: Advise Kay Rae, the manager, of the implications of your results for each menu item