If the absolute value of the price elasticity of demand for cell phone service is 3, then if the price of cell phone service increases by 1%, quantity demanded would:

If the absolute value of the price elasticity of demand for cell phone service is 3, then if the price of cell phone service increases by 1%, quantity demanded would:

A.decrease by 3%.

B.increase by 3%.

C.decrease by 0.33%.

D.increase by 0.33%.

正确答案：decrease by 3%.