Suppose that the cross price elasticity of demand between Product A and Product B is -0.7 and the price of Product A increases by 5 percent. What will happen to the quantity demanded of Product B?

Select one:

a.It will increase by 3.5%.

b.It will increase by 7.14%.

c.It will decrease by 3.5%.

d.It will decrease by 7.14%.

e.None of the above.