How many platters will be sold
Problem
The Dixie Chicken currently sells 2,800 burger platters per month for $8, and the own-price elasticity of demand for this platter is -1.5. If the Dixie Chicken raises the price by $0.70, how many platters will be sold?
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The Dixie Chicken currently sells 2,800 burger platters per month for $8, and the own-price elasticity of demand. How many platters will be sold?
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