Your Best Brand Bike Shorts-BBB have been flying off the shelf. Your chief economist tells you that during COVID-19 pandemic, the taste for bicycling has shifted. The demand curve is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70". Before the campaign price was $240 per pair of BBB Shorts. What should be the new price? Solve the table below:

Price Packages TR MR TC MC MR-MC Profit

100 50 450

90 70 650

80 90 850

70 110 1050

60 130 1250

50 150 1450

40 170 1650

30 190 1850

20 210 2050

10 230 2250