If the Price Elasticity of Demand Coefficient for Gourmet Coffee

If the price elasticity of demand coefficient for gourmet coffee is estimated to be 1.6, what would a 5 percent increase in price likely lead to?

A) an 8 percent increase in the quantity of gourmet coffee demanded
B) a 16 percent increase in the quantity of gourmet coffee demanded
C) a 16 percent decrease in the quantity of gourmet coffee demanded
D) an 8 percent decrease in the quantity of gourmet coffee demanded