AS Paper 1, June 2025, Q2(a)

In 2021, a bakery sold 2.5 million sausage rolls per week at the price of £1.00 each. In 2022 the price increased to £1.20. The price elasticity of demand was estimated to be −0.2. Calculate the new quantity of sausage rolls sold per week in 2022 after the price increased, ceteris paribus.