A Question 3 [1 point] Retake question Suppose the price elasticity of demand for peanuts is 2.5 [in absolute value terms}. If there is a 2% increase in the price of peanutsl everything else held constant, then the quantity of peanuts demanded will ____ by ____. 0 increase; 5% 0 decrease: 5% 0 increase; 2.5% 0 decrease: 2.5%