Suppose demand is given by the equation: 
Using the midpoint method, what is the price elasticity of demand between $7 and $8?
Definitions:
Emotions
Complex psychological states that involve subjective experiences, physiological responses, and behavioral expressions.
Spontaneous
Occurring naturally, without being planned or forced, often characterized by a sense of immediacy and impulsiveness.
Dramaturgical Analysis
A perspective in sociology that likens social interaction to a theatrical performance, where individuals present themselves in ways that will be accepted by others.
Role-playing
A technique or activity in which individuals assume and act out roles different from their own to explore scenarios, behaviors, or viewpoints.
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