You bring your boss a report indicating that the own-price elasticity of your main product is -1.2. She comes from the creative side of the business, and immediately asks, "so we're thinking about raising the price by 2 percent. What will that do?" By what percentage will quantity demanded change according to your calculations? Provide the percentage as a whole number (i.e., 2.5 for 2.5%) and round to one decimal place