If an own-price elasticity of demand is calculated and found to be -2.5, which of the following is true? Group of answer choices We would conclude that this good is a normal good We would conclude that this good violates the law of demand We would conclude that this elasticity is elastic, because a change in the good's price causes an even larger percentage change in quantity demanded We would conclude that this elasticity is inelastic, because a change in the good's price causes a smaller percentage change in quantity demanded