# Using the midpoint method to calculate the price of elasticity

**Question description**

I am having trouble with the midpoint method,

- Using the midpoint method (show your work), calculate the price elasticity of demand when the price of an ice cream cone rises from $1 to $2. What does this estimate imply about the price elasticity of demand for ice cream cones?

Price of Ice Cream Cones |
Quantity of Ice Cream Cones Demanded |

$1 |
3000 |

$2 |
2400 |

$3 |
1600 |

$4 |
800 |

then 2-1/1+2/2= 1 and 1.5 not sure where do go from here

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