{"id":966,"date":"2017-10-21T10:42:52","date_gmt":"2017-10-21T04:42:52","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-own-price-elasticity-of-demand-for-apples-demanded\/"},"modified":"2017-10-21T10:42:52","modified_gmt":"2017-10-21T04:42:52","slug":"the-own-price-elasticity-of-demand-for-apples-demanded","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-own-price-elasticity-of-demand-for-apples-demanded\/","title":{"rendered":"The own-price elasticity of demand for&#8230;apples demanded?"},"content":{"rendered":"<p>The own-price elasticity of demand for apples is -1.5. If the price of apples falls by 6%, what will happen to the quantity of apples demanded?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-966","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"The own-price elasticity of demand for apples is -1.5. If the price of apples falls by 6%, The quantity of apples demanded is\u00a0increase 9%.","mcq_options":[{"right":"no","answer":" It will increase 4%"},{"right":"yes","answer":" It will increase 9%"},{"right":"no","answer":"It will fall 4%"},{"right":"no","answer":" It will fall 6%"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=966"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=966"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=966"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}