Use the following to answer questions:
Table: Price Elasticity 
-(Table: Price Elasticity) Look at the table Price Elasticity. What is the price elasticity of demand (using the midpoint formula) between $2.50 and $2.25?
Definitions:
U.S. Automobile
Vehicles manufactured by companies based in the United States, typically referring to cars and trucks.
National Income
The total value of all goods and services produced by a country over a specific period, often used as a measure of the economic health of a country.
Labor Services
The tasks and efforts provided by workers in exchange for wages.
Foreign Suppliers
Providers of goods and services from outside the buyer's country, often involved in international trade.
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