Suppose demand is given by the equation: 
Using the midpoint method, what is the price elasticity of demand between $1 and $2?
Definitions:
Bill of Lading
A legal document between a shipper and a carrier detailing the type, quantity, and destination of the goods being transported.
Carrier
An entity or company that provides transportation services for goods, specializing in moving products from one location to another.
Claim
An assertion of the truth of something, typically one that is disputed or in doubt.
Motor Carrier Cost
The expenses involved in transporting goods via motor vehicles, including fuel, maintenance, and driver wages.
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