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There has been a change in the market (Q = 100 - 4

Marketing

There has been a change in the market (Q = 100 - 4.6P and Q = 75 + 6.2P). The change is represented by the following two equations listed below.

Circle the one correct conclusion that describes the market change. Q = 85 + 6.2P and Q = 100 - 4.6P

a. demand has decreased.

b. demand has increased.

c. supply has decreased.

d. supply has increased.

e. supply has decreased and demand has decreased.

f. supply has increased and demand has increased.

Option 1

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