Please use information from #4 to answer question #5

15 2 3 46 5 65 7 P QUESTION 4 The estimated demand equation for Save-Life face masks is: Q-123-10XP+5XPc-7XPs +0.002 x INC +0.005 x MXT Where, Q is the demand for face masks, P is the price, Pc is the price of competiting product, Ps is the price of complementary product hand sanitizer, INC is the income of potential buyers, and MKT is the market size. P=$10 (per 50 pieces), Q=900 Pc=$11 (per 50 pieces), Ps=$4 (each 8 oz bottle), Income (INC)=$50,000, Market Size (POP)= 150,000. Given the value of demand and all determinants, calculate the income elasticity of demand for face masks -0.05 0.11 O -0.11 0.12 0 1.11 0 -1.11 QUESTION 5 Based on estimate of income elasticity, what type of produce is the Save-Life face mask? Normal good and necessity Normal good and luxury Neutral good. Inferior Luxury