Question: Consider the following elasticity table. Note: PL=Private Labels (Store Brands) Dixie understands that more often than not when they lower price Solo follows the price

Consider the following elasticity table. Note:

Consider the following elasticity table. Note: PL=Private Labels (Store Brands) Dixie understands that more often than not when they lower price Solo follows the price change. Based on historical data, it seems that Solo follows Dixie's price decrease is about 3/4 of the time. Suppose Dixie is thinking about a 5% price decrease. What will be the effect on Dixie's sales? answer must me .%

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