Suppose demand is given by the equation: 
Using the midpoint method, what is the price elasticity of demand between $1 and $2?
Definitions:
Benefit Costs
Expenses incurred by organizations due to the provision of employee benefits, such as health insurance, retirement plans, and paid leave.
Organization Knowledge
The collective expertise, skills, information, and processes that exist within an organization, contributing to its ability to achieve objectives.
Training Budget
The allocation of financial resources dedicated to training and development activities within an organization.
Profit-Sharing
A compensation strategy where employees receive a portion of the company's profits in addition to their regular salary, linking their earnings to the company’s performance.
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