Refer to the information provided in Figure 5.3 below to answer the question(s) that follow. 
Figure 5.3
-Refer to Figure 5.3. Using the midpoint formula, if the price of a gardenburger decreases from $7 to $6, the price elasticity of demand equals ________, and the decrease results in a(n) ________ in total revenue.
Definitions:
Restricted Formulary
A list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits, which limits coverage to specific medications.
Therapeutic Class
A classification of medications and therapies that serve similar medical purposes or are used to treat the same condition.
Pharmaceutical Products
These are drugs and medications designed for use in medical diagnosis, treatment, or prevention of diseases.
Burn The Boats
An expression originating from a historic event, symbolizing a point of no return or a commitment to success without retreat.
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