Supposed the demand elasticity ice cream is -1.20. If people in a certain market consume 1,000 containers of ice cream when the price is $2.00 per container, how many containers will they purchase if price increases to $3.00 per container. (Don't use mid-point formula; use 2.00 as your base value when calculating the percent change in price. Is the answer 960 840 400 600 440