At a Price of $100, Beachside Canoe Rentals Rented 11

question 52

Multiple Choice

At a price of $100, Beachside Canoe Rentals rented 11 canoes.When it increased its rental price to $125, 9 canoes were rented.Using the midpoint formula, what is the absolute value of the price elasticity of demand for canoe rentals?

• A)2
• B)1)25
• C)0)9
• D)0)75

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Definitions:

North Africa

A region consisting of countries along the Mediterranean coast, including Egypt, Libya, Tunisia, Algeria, and Morocco, known for its rich history, cultural diversity, and strategic economic importance.

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Asia

The world's largest and most populous continent, home to a diverse range of cultures, languages, economies, landscapes, and political systems.

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A continent in the Northern Hemisphere largely bordered by the Atlantic Ocean to the east and the Pacific Ocean to the west, consisting of countries such as the USA, Canada, and Mexico.