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At a price of US$100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to US$125, 9 canoes were rented. Calculate the

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

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