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7 November, 01:25

Suppose the market for the magazine is in equilibrium. some students insist on raising the cover price by $1 and printing the same quantity. what is likely to happen?

a. there will be a shortage.

b. demand will stay the same.

c. the demand for the magazine will go up.

d. there will be a surplus.

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Answers (2)
  1. 7 November, 01:28
    0
    B. There will be a surplus.
  2. 7 November, 01:43
    0
    The answer should be D).
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