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Homework: Quiz 'L3' microeconomics activity Save HW Score: 23.33%, 2.8 of 12 pts Score: 0 of 1 pt Problem 2.5 4 of 12 (3 complete) V [Related to Solved Problem] Suppose the price elasticity of demand for cocaine has been estimated to be 0.29. Suppose, too, that a successful war on illegal drugs reduces the supply of cocaine in Australia enough to result in a 24 per cent increase in its price. The percentage reduction in the quantity of cocaine demanded will be 00/0. (Enter your response as a real number rounded to two decimal places