Refer to the information provided in Figure 5.3 below to answer the questions that follow. 
Figure 5.3
-Refer to Figure 5.3. Using the midpoint formula, if the price of a gardenburger is decreased from $7 to $6, the price elasticity of demand equals ________, and the decrease results in a(n) ________ in total revenue.
Definitions:
MIRR
The modified internal rate of return; a measure of profitability that adjusts for the cost of capital and project scale.
NPV
Net Present Value; a calculation used to determine the present value of an investment's cash inflows and outflows over a period, assessing its profitability.
WACC
This calculation, known as the Weighted Average Cost of Capital, quantifies a company's cost of capital by proportionately weighting each type of capital it uses.
WACC
The Weighted Average Cost of Capital identifies the cost of a company's capital by weighting each capital category in proportion to its significance.
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