Suppose the Cross-Price Elasticity of Demand Between Goods X and Y

Multiple Choice

Suppose the cross-price elasticity of demand between goods X and Y is 0.15 and the cross-price elasticity of demand between goods X and Z is 1.3. Which of the following statements is true?

A) X and Y are complements, while X and Z are substitutes.
B) X and Y are weak complements, while X and Z are strong complements.
C) X and Y are strong complements, while X and Z are weak complements.
D) Y is a necessity and Z is a luxury.