How many platters will be sold


Problem

The Dixie Chicken currently sells 2,800 burger platters per month for $8, and the own-price elasticity of demand for this platter is -1.5. If the Dixie Chicken raises the price by $0.70, how many platters will be sold?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: How many platters will be sold
Reference No:- TGS03356145

Expected delivery within 24 Hours