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The price elasticity of demand for comic books has been estimated to be 0.6. If price...

The price elasticity of demand for comic books has been estimated to be 0.6. If price increases by 1% in a period, how will that affect quantity demanded for comic books in that period, all other things unchanged?

Quantity Demand will increase by more about 6%

Quantity Demand will decrease by about 6%

Quantity Demand will decrease by about 0.6%

Quantity Demand will increase by 60%

Quantity Demand will decrease by 60%

why isn't it decrease?

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