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.

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.

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.

In a Survey It Was Determined That the Demand Equation