Suppose you are given the following data on demand for a product. The price elasticity of demand (based on the midpoint formula) when price decreases from $9 to $7 is 
Definitions:
Organizational Pyramid
A hierarchical structure of an organization, typically visualized as a pyramid, showing various levels of management and rank.
Organic
Refers to substances or products derived from living organisms, often used in context with food produced without synthetic pesticides or fertilizers.
Cluster Organizations
Groups of independent companies or organizations that collaborate closely in a particular field to achieve greater efficiency and productivity.
Organizational Culture
The collective values, beliefs, and norms that shape behaviors and practices within an organization, influencing its social and psychological environment.
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