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A local specialty kitchenware store normally sells an average of 14 imported knife sets - per month - over 6 months at $150.58 each. The price elasticity of Demand for these knife sets is estimated to be -1.25. Recent government import regulations Canadian Dollar value changes and transportation costs have increased costs considerably resulting in higher breakeven prices for all items in the store. in order to capture economic prots the store manager decides to take some action and re-prices the inventory in the store. If the manager lncmases the price of each specialized knife set by 10% how many knife sets will merit}? ** HINT use the basic formula: Elasticity = (Unknown Q l Change in Price} 1: [Average Price i Average Quantity sold} ** enter your answer for HOW many bottles of French Wine will be sold FOLLOWED by whether the elasticity value is inelastic or elastic mE