Question: True/False and Explain. Evaluate the scenario below and support your answer with a few sentences of verbal reasoning, mathematical reasoning, and/or a figure. [7 points]

True/False and Explain. Evaluate the scenario below and support your answer with a few sentences of verbal reasoning, mathematical reasoning, and/or a figure. [7 points]

Zander is a rational consumer who likes to draw and derives utility from two things: pens and pencils. He's currently consuming all pens and no pencils. The cross price elasticity of the two goods is positive. If the price of pencils falls, Zander will definitely switch to consuming all pencils and no pens.

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