The price of a product is $4 and the quantity demanded is 8 units. Suppose that the price elasticity of demand is ?3. If price increases to $5, the quantity demanded is:

The price of a product is $4 and the quantity demanded is 8 units. Suppose that the price elasticity of demand is ?3. If price increases to $5, the quantity demanded is:

The price of a product is $4 and the quantity demanded is 8 units. Suppose that the price elasticity of demand is ?3. If price increases to $5, the quantity demanded is: