Consider the following data for a hypothetical economy.

\begin{array}{l}\begin{array} { | l | l | l | l | l | l | } \hline \text { Year } & \begin{array} { l } \text { Average } \\\text { Household } \\\text { Income } ( \$ )\end{array} & \begin{array} { l } \text { Price of } \\\text { Transit Passes }\end{array} & \begin{array} { l } \text { Qty } \\\text { Demanded of } \\\text { Transit Passes }\end{array} & \begin{array} { l } \text { Price of } \\\text { Gasoline } \\\text { (\$/litre) }\end{array} & \begin{array} { l } \text { Qty Demanded } \\\text { of Gasoline } \\\text { (millions of litres) }\end{array} \\\hline 2009 & 80000 & 60 & 99000 & 0.95 & 1940 \\\hline 2010 & 80000 & 60 & 101000 & 1.05 & 2060 \\\hline\end{array}\\\text { TABLE } 4-5\end{array}

-Refer to Table 4- 5. The cross- price elasticity of demand for transit passes in terms of the price of gasoline is . A rise in the price of gasoline causes the demand curve for transit passes to shift to the _.
A) 0.2; right
B) 0.2; left
C) 5.0; right
D) 0.33; left
E) 0.33; right

Which of the Following Illustrates Elastic Demand

Multiple Choice

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