The Cross Elasticity of Demand for Blank DVDs and DVD

question 12

Multiple Choice

The cross elasticity of demand for blank DVDs and DVD burners is likely to be

• A) positive because they are substitutes.
• B) positive because they are complements.
• C) negative because they are substitutes.
• D) negative because they are complements.
• E) negative because with the advent of digital cameras, film and film cameras are inferior goods.

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Definitions:

Food Consumption

The act of eating or drinking substances for nutritional support of the body.

Circular

Circular pertains to something shaped like a circle or moving in a path that forms a loop or circle.

Zenith

The highest point reached by a celestial or other object in the sky, or the point in the sky directly above an observer.

Pinnacle

The highest or topmost point or level, often metaphorically used to denote the peak of achievement or quality.