Question: 5. Given the estimated demand function for good X: InQ = 10 - 0.5lnPx -0.1 (Income), we know that: O a. Good X is

5. Given the estimated demand function for good X: InQ = 10

5. Given the estimated demand function for good X: InQ = 10 - 0.5lnPx -0.1 (Income), we know that: O a. Good X is price elastic. O b. Good X is price inelastic. O c. Good X is a normal good. O d. Demand for Good X is cyclical.

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