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Business, 13.08.2019 03:10 quetzaliescalona

At a price of $100, beachside canoe rentals rented 11 canoes. when it increased its rental price to $125, 9 canoes were rented. calculate the absolute value of the price elasticity of demand for canoe rentals using the midpoint formula.
a. 0.75b. 0.9c. 2d. 1.25

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