Represents demand for widgets

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Reference no: EM131699414

The following represents demand for widgets (a fictional product): 

Q(D)=360-6P+0.003M-2P(R)

where P is the price of widgets, M is income, and P(R) is the price of a related (fictional) good, the wodget.

Supply of widgets is determined by  

Q(S)=-20+4P

Widgets are a _________, and widgets and wodgets are _____________.

Select one:

a. inferior good; substitutes.

b. normal good; substitutes.

c. normal good; complements.

d. inferior good; complements.

Reference no: EM131699414

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