The demand for 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 complements for good X. Good Y is: (Click to select) neither complement nor substitute a complement a substitute . Good Z is: (Click to select) a complement a substitute neither complement nor substitute .

b. Is X an inferior or a normal good? Good X is: (Click to select) neither a normal nor an inferior good an inferior good a normal good . c. How many units of good X will be purchased when P_x = $5,230? ______________________ d. Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.

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

Demand function: _____________ __________________ P_X Inverse demand function: P_X = 148002 Q_X^d graph the inverse demand curve from Q_X = 0 to Q_X = 6,000 (two points total).