Marshall-Lerner condition states that:

A. Devaluation will improve the country's balance of payments if the sum of price elasticities of demand for exports and imports in absolute terms is greater than one.

B. Devaluation will increase the balance of payments deficit if the sum of the price elasticities of demand for exports and imports is less than one.

C. Devaluation will have no effect on the balance of payment situation if the sum of the price elasticises of demand for exports and imports is equal to one

D. In no case, devaluation can improve the balance of payment disequilibrium if either the price elasticities of demand for export or that of import is zero.

E. Marshall-Lerner condition has no relation with BOP situation.

Choose the correct answer from the options given below: