The demand for the good X is given by

Q_X^d=6,000-(1/2)P_X-P_Y+9P_Z+(1/10)M

Research shows that the prices of related goods are given by P_y=$6,500 and P_z = $100. while the average income of individuals consuming this product is M=$70,000

a. indicate whether goods Y and Z are substitutes or compliments for good X

Good Y is: neither a compliment or a substitute OR a substitute OR a compliment?

Good Z is: neither a compliment or a substitute OR a substitute OR a compliment?

b. is X an inferior or normal good?

Good X is: neither a normal good or inferior good OR a normal good OR an inferior good?

c. how many units of good X will be purchased when P_x = $5,230?

Answer: _____________

d. determine the demand function and inverse demand function for good X. Graph the demand curve for good X.

Instruction: Enter the values as integers, or if needed, a decimal rounded to one decimal place.

Demand Function: ___________ - ____________ P_X

Inverse demand function: P_X=____________-___________Q_X^d