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.

Question

7 November, 01:25

+3

Answers (2)

Know the Answer?

Payten · Answer 1

B. There will be a surplus.

Walter Strong · Answer 2

Walter Strong 7 November, 01:43

0

The answer should be D).

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.