The own price elasticity of demand for apples is - 1.5. If the price of apples falls by 6 percent, what will happen to the quantity of apples demanded
A. It will increase 4 percent.
B. It will decrease 4 percent.
C. It will increase 9 percent.
D. It will decrease 9 percent.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The own price elasticity of demand for apples is - 1.5. If the price of apples falls by 6 percent, what will happen to the quantity of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » The own price elasticity of demand for apples is - 1.5. If the price of apples falls by 6 percent, what will happen to the quantity of apples demanded A. It will increase 4 percent. B. It will decrease 4 percent. C. It will increase 9 percent. D.