The Costa Rica Tourism Board proposed a 6 percent tax on airplane travel to pay for a public hospital. A New York University economist estimates that the tax would result in a 6 percent increase in the price of an airline ticket. If the elasticity of demand is 1.33, what is the expected change in quantity demanded? Group of answer choices -8 percent 8 percent -11.754 percent 12.5 percent -12.5 percent Previous Next