The cross-price elasticity of demand between goods J and K is −3. A 20 percent decrease in the price of good K will result in a
A. 3 percent decrease in the quantity demanded of good K
B. 15 percent decrease in the quantity demanded of good K
C. 6 percent increase in the quantity demanded of good J
D. 12 percent increase in the quantity demanded of good J
E. 60 percent increase in the quantity demanded of good J
