In a survey it was determined that the demand equation for VCRs is given by
The demand equation for blank VCR tapes is given by

Where p and q denote the unit prices, respectively, and x and y denote the number of VCRs and the number of blank VCR tapes demanded each week. Determine whether these two products are substitute, complementary, or neither.

A) complementary
B) neither
C) substitute

Question

In a survey it was determined that the demand equation for VCRs is given by ​  ​
The demand equation for blank VCR tapes is given by
​  ​
Where p and q denote the unit prices, respectively, and x and y denote the number of VCRs and the number of blank VCR tapes demanded each week. Determine whether these two products are substitute, complementary, or neither.
​
A) complementary 
B) neither 
C) substitute

Quizplus · Accepted Answer

The Answer of In a survey it was determined that the demand equation for VCRs is given by ​  ​
The demand equation for blank VCR tapes is given by
​  ​
Where p and q denote the unit prices, respectively, and x and y denote the number of VCRs and the number of blank VCR tapes demanded each week. Determine whether these two products are substitute, complementary, or neither.
​
A) complementary 
B) neither 
C) substitute

In a Survey It Was Determined That the Demand Equation