The Cross Elasticity of Demand for Product X with Respect

question 95

Multiple Choice

The cross elasticity of demand for product X with respect to the price of product Y is −1.2. It can be inferred that X and Y are

• A)substitute products.
• B)complementary products.
• C)luxury products.
• D)unrelated products.

---

Definitions:

Rods and Cones

Rods and cones are types of photoreceptor cells in the retina of the eye that detect light and color, respectively.

Shape Constancy

The perceptual phenomenon by which we perceive the shape of an object as constant despite changes in the angle of perception.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light images into electrical signals sent to the brain.

Stroboscopic Motion

Is perceived motion created by the presentation of a series of still images in rapid succession, illustrating how motion is perceived in film and animation.