elasticity of ddemand

Project Description:

suppose a local restaurant wants to raise their prices from $30 to $32. knowing the price elasticity of demand for reataurant meals is 2.27, what can they expect to see in quanity of demand changes? no magic numbers - you must show the formula and values of each variable. state your answer in the amount of change in quantity deanded.
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Price Type: Negotiable

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