Use the following to answer question: 
-(Table: Price Elasticity) Use Table: Price Elasticity.What is the price elasticity of demand (using the midpoint formula) between $0.75 and $0.50?
Definitions:
American Rule
A legal principle that each party in a lawsuit pays its own attorney's fees, unlike the "English Rule" where the losing party pays.
Puerto Rico
An island and unincorporated territory of the United States located in the northeastern Caribbean Sea, known for its rich culture and history.
Cuba
An island nation in the Caribbean known for its significant role in Cold War politics, rich cultural heritage, and complex history with the United States.
Philippines
An archipelagic country in Southeast Asia, consisting of more than 7,000 islands, known for its diverse culture and history as a former Spanish then American colony.
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