Question: Could someone break this down completely to show me how to solve the equation . I don't know how the 22% over 9.5% was gotten

 Could someone break this down completely to show me how to

Could someone break this down completely to show me how to solve the equation . I don't know how the 22% over 9.5% was gotten and I don't understand how it equals 2.32

solve the equation . I don't know how the 22% over 9.5%

Example: If the price of an ice cream cone increases from $2.00 to $2.20 and the amount you buy falls from 10 to 8 cones, then your elasticity of demand, using the midpoint formula, would be calculated as: 10-8) (10+8) /2 22% = 2.32 (2.20-2.00) 9.5% (2.00 + 2.20) / 2

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