In a Survey It Was Determined That the Demand Equation

question 181

Multiple Choice

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

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Definitions:

Control Theory

A theory in sociology and criminology that explains individual compliance with social norms and laws through the presence of strong bonds with society that encourage self-control.

Deviant Behaviour

Actions or behaviors that violate societal norms or expectations, often drawing social condemnation or corrective measures.

Cultural Goals

Societal norms and values that dictate the aspirations and desirable achievements for its members, influencing behavior and social structure.

Social Reality

The experiences, beliefs, and values that humans share and use to define social phenomena and construct their understanding of the world.