If the price elasticity of demand for apples is - 1, then a change in price will cause no change in the amount spent on apples.

Name: If the price elasticity of demand for apples is - 1, then a change in price will cause no change in the amount spent on apples.
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Quizplus · Accepted Answer

When the price elasticity of demand is -1, it indicates unit elasticity, meaning that a percentage change in price leads to an equal percentage change in quantity demanded. Therefore, the total expenditure on apples remains unchanged.

If the Price Elasticity of Demand for Apples Is -