Please help! Will rate high Demand and Supply The demand for good X is given by
ID: 1236825 • Letter: P
Question
Please help! Will rate high Demand and Supply The demand for good X is given by Qdx = 1,200-1/2Px + 1/4Py - 8Pz +1/10M Research shows thta the prices of related goods are givenby Py =$5,900 and Pz =$90 while the average income of individualsconsuming this product is M =$55,000 a. Indicate whether goods Yand Z are substitutes orcomplements for good X. b. Is X an inferior or a normal good? c. How many units of good X will be purchased when Px= $4,910? d. Determine the demand function and inverse demand functionfor good X. Graph the demand curve for good X Please help! Will rate high Demand and Supply The demand for good X is given by Qdx = 1,200-1/2Px + 1/4Py - 8Pz +1/10M Research shows thta the prices of related goods are givenby Py =$5,900 and Pz =$90 while the average income of individualsconsuming this product is M =$55,000 a. Indicate whether goods Yand Z are substitutes orcomplements for good X. b. Is X an inferior or a normal good? c. How many units of good X will be purchased when Px= $4,910? d. Determine the demand function and inverse demand functionfor good X. Graph the demand curve for good X a. Indicate whether goods Yand Z are substitutes orcomplements for good X. b. Is X an inferior or a normal good? c. How many units of good X will be purchased when Px= $4,910? d. Determine the demand function and inverse demand functionfor good X. Graph the demand curve for good XExplanation / Answer
I could likely solve this for you but could you clear up the demandequation there? I think you got your superscripts and subscriptsall whacked out.