(Solved): Francis is a famous choreographer who opened his own dance studio. Demand for Francis' dan classes ...

Francis is a famous choreographer who opened his own dance studio. Demand for Francis' dan classes decreased by $24\%$ after Francis raised the price per dance class by $30\%$. Calculate the price elasticity of demand for Francis' dance classes. $?1.25$ $?0.8$ 1.25 $?1.8$ $?0.25$ 0.8 Question 19 When the Mos Eisley Cantina sells drinks for $\$7$, they sell 250 drinks per day. When they lower price to $\$5$, they sell 400 drinks per day. Using the midpoint method formula, what is the price elasticity of demand for drinks at the Mos Eisley Cantina? $?1$ $?1.66$ $?2.39$ $?1.39$ $?2.66$ $?3$