Answer:
The correct answer is: price elastic; increase. 
Explanation:
The price elasticity of demand for apples is 1.2.  
This implies that the demand relatively prices elastic.  
Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.  
A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase. 
 
        
             
        
        
        
<span>anonymous 2 years ago</span><span>A company launched four new products. The market price, in dollars, of the four products after different number of years is shown below:
The price of which product will eventually exceed all others?</span>
        
                    
             
        
        
        
Answer: Supply chain planning.
Explanation:
 Supply chain planning is a comprehensive plan a production company has in place that ensures, the smooth and effective running of operations involved in the supply chain. Supply chain planning involves planning for factors within and outside the company which includes: raw materials and resources gathering, production and distribution of products.