I am having trouble with the midpoint method, Usingthe midp
I am having trouble with the midpoint method, Usingthe midpoint method (show your work), calculate the price elasticity ofdemand when the price of an ice cream cone rises from $1 to $2. What does this estimate imply about theprice elasticity of demand for ice cream cones?Price of Ice Cream ConesQuantity of Ice Cream Cones Demanded$1 3000$2 2400$3 1600$4 800I have this so far 2400-3000/(3000+2400)/2 =-600/2400 = -0.22then 2-1/1+2/2= 1 and 1.5 not sure where do go from here