Question: i need a answer 2 Dixie Chicken sells an average of 2086 Freddie Burger platters per month over the past 6 months at an average

 i need a answer 2 Dixie Chicken sells an average of

i need a answer 2

2086 Freddie Burger platters per month over the past 6 months at

Dixie Chicken sells an average of 2086 Freddie Burger platters per month over the past 6 months at an average of $7.86 each. The price elasticity of Demand for this platter is estimated to be -0.33. If Dixie Chicken increases the price of the platter by 20% calculate how many Freddie Burger platters will Dixie Chicken sell and THEN compute the Total Revenue for the sales of Burger platters? *HINT - use the basic formula: Elasticity = (Unknown Q / Change in Price) x (Average Price / Average Quantity sold) * enter your answer for THE TOTAL REVENUE FOR THE Burger platters that will be sold FOLLOWED by whether the revenue is HIGHER or LOWER e.g. 15680 HIGHER or e.g. 18620 LOWER NO $ signs, NO quotes NO comma's .. JUST the number ( 18620 ) followed by the word: HIGHER or LOWER Answer Check

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