Question

62) Suppose that, after the price of X decreases to $3 per unit, the consumer chooses point B in the diagram. We can say: A) that the cross price elasticity of Y is negative. B) that the cross price elasticity of Y is zero. C) that the cross price elasticity of Y is positive. D) that the cross price elasticity of Y is undefined. E) nothing about the cross price elasticity of Y.