What conclusion can be drawn about a good when its cross-price elasticity of demand is positive?
- AIts price will be sensitive to changes in prices of close substitutes.
- BIts price will be sensitive to changes in quantity demanded of close substitutes.
- CThe quantity demanded for this good will be sensitive to changes in prices of close substitutes.
- DThe quantity demanded for this good will be sensitive to changes in quantity demanded of close substitutes.