Question: ( Advanced analysis ) The demand for commodity X is represented by the equation P = 1 0 0 . 2 Q and supply by

(Advanced analysis) The demand for commodity X is represented by the equation P =100.2 Q and supply by the equation P =2+0.2 Q. If demand changes from P =100.2 Q to P =70.3 Q, we can conclude that
Group of answer choices
demand has increased.
demand has decreased.
supply will increase.
supply will decrease.

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