Shannon is now trying to figure out the best price she should be selling the cars. On average, a Tayota car will cost Shannon $$55$ thousand dollars. It is estimated that if Shannon sells her cars for $$67$ thousand dollars, she will be able to sell $885$ units per year. If prices were to increase to $$88$ thousand dollars, she will be able to sell only $613$ units per year. What is the price elasticity of demand using the mid$-$point formula? $($give an absolute value i$.$e$.$ a positive value$)$

$.$ Answer to the nearest two decimal places.