Suppose a 12 percent increase in the price of Good F causes a 15 percent reduction in the purchase of Good G. Which of the following statements is (are) correct? (x) The coefficient of cross price elasticity of demand for Good G is equal to negative 1.25. (y) The cross price elasticity of demand for Good G is inelastic since the coefficient of cross-price elasticity is less than zero. (z) Good G is a complement to Good F because the coefficient of cross-price elasticity is less than zero

Select one:

A.

(x), (y) and (z)

B.

(x) and (y) only

C.

(x) and (z) only

D.

(y) and (z) only

E.

(x) only