Question: The demand for good \(X\) is given by

Research shows that the prices of related goods are given by \(P_{x}=\\) 5,900$ and \(P_{i}=\\) 90$, while the average income of individuals consuming this product is \(M=\\) 55,000$

\(a\). Indicate whether goods \(Y\) and \(Z\) are substitutes or complements for good \(X\).

b. Is \(X\) an inferior or a normal good?

c. How many units of good \(X\) will be purchased when \(P_{x}=\\) 4,910$ ?

d. Determine the demand function and inverse demand function for good \(X\). Graph the demand curve for good \(X\).

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