Business, 05.11.2020 19:10, angeljaylyn123

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) 2.
B) 1.25.
C) 0.9.
D) 0.75.

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At a price of $100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to...