Your Best Brand Bike Shorts-BBB Shorts have been flyingoff the shelf.Your chief economist tells you that during theCovid-19 pandemic, "the taste for bicyclinghas changed.The price elasticity of demand is much more inelastic.The price elasticity of demand hasdecreased from -5.76 to -2.70."

Before the campaign, your price was $240 per pair of BBB Shorts.What should the new price be?

Please enter the new price here: $