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The demand curve for Widgets is given by 52) QD = 5800 - 200 p + 30 pG where QD is the quantity of widgets

The demand curve for Widgets is given by 52) QD = 5800 - 200 p + 30 pG

where QD is the quantity of widgets demanded, p is the price of widgets, and pG is the price of Gizmos. The supply of Widgets is given by:

QS = 250 p - 1250

Solve for the equilibrium price and quantity of widgets in terms of the price of Gizmos.

Use calculus to find the comparative-static derivatives for the changes in the

equilibrium price and quantity of Widgets with respect to a change in the price of Gizmos.

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