What will happen to the quantity of apples demanded

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Reference no: EM131161174

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.

Reference no: EM131161174

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