Question: I need help with how this is calculated. Your marketing department just undertook a major advertising campaign promoting the quality of your Best Brand Bike

I need help with how this is calculated.

Your marketing department just undertook a major advertising campaign promoting the quality of your Best Brand Bike ShortsBBB Shorts.

They have provided you with an estimate of the success of the campaign stating: "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 the new price be?

Please enter the new price here: $

[a]

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