Question: The price for widgets as a function of demand is: PD = 106 - 2 x 104 WD where WD is the quantity of widgets

The price for widgets as a function of demand is: PD

The price for widgets as a function of demand is: PD = 106 - 2 x 104 WD where WD is the quantity of widgets purchased. If the price for sup- ply is equal to: Ps = 10' + 5 x 10* Ws where Ws is the quantity of widgets sold, what will be the price? Assume that supply = demand

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