IV. The Acme Company has hired a team of business consultants to estimate its market conditions for Good x. Goods a and b are related goods produced by the Alpha and Beta companies. The consultants have filed their report which includes the following estimated demand curve. Qx = 500 - 5Px - 4Py + 3Pz -0.2(Income) Current market condition are such that: Px = 50 Py = 10 Pz = 40 Income = 100 Find : 1. Estimated sales of Good x 2. Price elasticity of Good x 3. Cross price elasticity of Good x to Good y 4. Cross Price Elasticity of Good x to Good z 5. Income elasticity of Good x 6. Are Goods y and z substitutes or complements to Good x? Good y Good z 7. Which should I be more concerned about: changes in the price of Good y or Good z. Explain why. 8. Is Good x a normal or inferior good