Answered>Order 19174
PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK IF YOU CAN. THANKS!! 1.The following represents demand for widgets (a fictional product):QD=360?6P+0.003M?2PRQD=360?6P+0.003M?2PR, where PP is the price of widgets, MM is income, and PRPR is the price of a related (fictional) good, the wodget. Supply of widgets is determined by QS=?20+4PQS=?20+4P. Widgets are a _________, and widgets and wodgets are […]