Question: I need help calculating this problem. Can you help and explain how to arrive at the solution? Your marketing department just undertook a major advertising

I need help calculating this problem. Can you help and explain how to arrive at the solution?

Your marketing department just undertook a major advertising campaign promoting the quality of your Best Brand Bike Shorts-BBB Shorts. They have provided you with an estimate of the success of the campaign stating that: "the price elasticity of demand has decreased from -5.76 to -3.76."

Before the campaign your price was $240 per pair of BBB Shorts. What should be the new price?

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