The price elasticity of demand, El, for comic books has been estimated to be around 0.6. If price increases by 1% in a period, how will that affect quantity demanded for comic books in that period, all other things unchanged? Quantity Demanded will increase by about 6% Quantity Demanded will decrease by 60% Quantity Demanded will decrease by about 6% Quantity Demanded will increase by about 0.6% Quantity Demanded will decrease by 0.6%