3. If the price elasticity of demand for pineapple is 0.75, a 4% increase in the price of pineapple will lead to a A) 3% decrease in the quantity demanded of pineapple B) 3% increase in the quantity demanded of pineapple C) 4% decrease in the quantity demanded of pineapple D) 3/16% increase in the quantity demanded of pineapple E) 16/3% decrease in the quantity demanded of pineapple