2. The demand for good X is given by: d = 6,000 - 0.5Px - Py +9Pz + 0.1M Qx Research shows that the prices of related goods are given by Py = $6,500 and Pz = $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. b. Is X an inferior or normal good? c. How many units of good X will be purchased when Px = $5,230? d. Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.

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