answer the question, need answer only

UOTL '" 76 Use the General Demand and Supply functions for X provided below to answer the following 9 questions: Time left 2:18:56 :1 on = 4 000 SPX +12Py 8P2 - 0.01M .m a, 05 = 3 000 + 39x - 20w- 250PR y IS the price of good Y, P2 is the price of good 2, M is Income price of a resource R. Suppose the current values are: \\ PX : s12,- py = $110,- P2 '= $250,- M = $55 000; w = $15; PR: $9 1 - Based on the demand equation X and Y are E 2 Based on the demand equation X and Z are . 3 Based on the demand equation X is a(n) good. 4 The simplified demand function is: OD : D D PX. 5 - The simplified supply function is: 05 : Q + D PX. 6 - When the price of good X is $230 the there is a w of D units; 7 - When the price of good X is $310 the there is a ( k of m units. 8 - The equilibrium price and quantity are: P* : ${ \\Jand 0* : F Junits