Answer to Question #50397 in Microeconomics for balli

Question #50397
a. 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?
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Expert's answer
2015-01-13T11:20:22-0500
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