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Suppose the price of a can of tuna is $1.30 and the quantity demanded is 9. When the price increases to $1.50, the quantity demanded drops to 7. Using the mid-point method, what is the price elasticity of demand?
Team Effectiveness
The degree to which a team achieves its objectives, meets the needs of its members, and sustains itself over time.
Context Factor
Any variable that can significantly impact the outcome or nature of a research study, project, or scenario, depending on its setting or environment.
External Environment
All external factors and forces outside an organization that affect its performance and strategies.
Team
A team is a group of individuals working collaboratively towards a shared goal, often complementing each other's skills and strengths.
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