During last year's annual review and planning meeting, the management at KrisKross Inc (3PL) noticed that increased safety and security regulations have significantly impacted their bottom line. As a result, the management decided to increase their prices by 20% across all shippers. Recently, the management completed this year's annual review and planning meeting and they noticed that the price change resulted in decreased TL business. More specifically, KrisKross handled 1200 40' containers this year, while it handled 2000 40' containers last year. To develop a price strategy for the next year, KrisKross management asked you, the logistics analyst, to calculate transportation demand elasticity for their TL market. Based on the data provided what is the correct demand elasticity for KrissKross's TL market? -8.0 -7.0 -4.5 -2.5 -2.0