Suppose the own-price elasticity of demand for apples is -1.2. If the price of apples falls by 5%, what will happen to the quantity of apples demanded? O It will decrease by 4.3% O It will increase by 4.3% O It will increase by 6% O It will increase by 5% Question 4 1 pts If apples have an own-price elasticity of -1.2 we know this demand is O inelastic O elastic O unitary