Your Best Brand Bike Shorts-BBB Shorts have been flyingoff the shelf.Your chief economist tells you that during the Covid-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."

L Your Best Brand Bike ShortsBBB Shorts have been ying off the shelf. Your chief economist tells you thatduring the Ceyid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased 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: 5 [a] Z