Business, 15.12.2019 21:31 kashusledbetter

Look at the graph. a medical device company is selling a new diagnostic tool at the equilibrium price of $15. the company hires a marketing firm to run an advertising campaign to publicize recent positive findings regarding the effectiveness of the tool. based on the graph, what would be the result? . a. a new equilibrium point, because the demand would increase. b. a shortage, because the price is higher than equilibrium price. c. a surplus, because the price is higher than equilibrium price. d. selling fewer devices, because demand would decrease

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Look at the graph. a medical device company is selling a new diagnostic tool at the equilibrium pric...