Using the midpoint method, compute the elasticity of demand between points A and B. Is demand along this portion of the curve elastic or inelastic? Interpret your answer with regard to price and quantity demanded. Now compute the elasticity of demand between points B and C. Is demand along this portion of the curve elastic or inelastic? 
Definitions:
Intelligence Agency
A government body responsible for the collection, analysis, and exploitation of information and intelligence to support national security and foreign policy objectives.
National Security State
A concept referring to a government or nation that prioritizes its perceived security needs, often leading to significant military and surveillance capabilities.
Military-Industrial Complex
Refers to the close relationship between a country's armed forces, its government, and industries producing military materials, potentially influencing policy and spending.
Preventive War
A conflict initiated to prevent another party from acquiring a capability for attacking. The action is taken despite the absence of an immediate threat.
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