2. There has been a change in the market (represented in 1 above). The change is represented by the following two equations. Circle the one correct conclusion that describes the market change.

                                   Q = 90 + 6.2P  and Q = 110 – 4.6P

2 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