Question: 1. The following two linear functions represent a market (thus one is a supply function, the other a demand function). Circle the answer closest to

1. The following two linear functions represent a market (thus one

1. The following two linear functions represent a market (thus one is a supply function, the other a demand function). Circle the answer closest to being correct. Approximately what will the equilibrium price be? Q = 100 - 4.6P and Q = 75 + 6.2P 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 - 4.6P and Q = 75 + 6.2P

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