Concept:
Ether cleavage with hydrogen halides depends on the nature of alkyl or aryl–alkyl ethers. Aryl–alkyl ethers undergo cleavage at alkyl–oxygen bond because aryl–O bond has partial double bond character.
Step 1: Reaction with HBr.
Phenetole is:
\[
C_6H_5-O-CH_2CH_3
\]
On heating with HBr, cleavage occurs at alkyl side:
\[
C_6H_5OH + C_2H_5Br
\]
Thus:
\[
X = Phenol,\quad Y = Ethyl bromide
\]
Step 2: Bromination reaction.
Bromine in acetic acid causes electrophilic substitution on activated aromatic ring.
Ethoxy group is o,p-directing.
Major product is para substituted compound:
\[
p\text{-bromophenetole}
\]
Thus:
\[
Z = p\text{-bromophenetole}
\]
Step 3: Final answer.
\[
X=Phenol,\quad Y=Ethyl bromide,\quad Z=p\text{-bromophenetole}
\]
Hence option:
\[
\boxed{B}
\]