If the price elasticity of demand for a product is |-2|, this implies that

A.if the price increases by 2 percent, the quantity demanded will decrease by 1 percent.

B.if the price increases by $1, the quantity demanded will decrease by 2 units.

C.the change in quantity demanded divided by the change in price is equal to 2.

D.if the price increases by 1 percent, the quantity demanded will decrease by 2 percent.

E.if the price increases 1 unit, the quantity demanded will decrease by 2 units