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At a price of $35, Davidson Cyclesrented 22bicycles. When it increased its rental price to $45, 18bicycleswere rented. Calculate the price elasticity of demand for

At a price of $35, Davidson Cyclesrented 22bicycles. When it increased its rental price to $45, 18bicycleswere rented. Calculate the price elasticity of demand for bicyclerentals usingthe midpoint formula. (Solution options are given as negatives, the book would have you take the absolute value)

Group of answer choices

-0.80

-1.25

-0.91

-2.42

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