Look at the graph. a bookstore owner increases the price of art books to $25. which of these would occur?

a higher equilibrium point, because demand and price increased
a lower equilibrium point, because the supply will increase
a shortage, because the price is lower than equilibrium price
a surplus, because the price is higher than equilibrium price
only answer if you really know the answer !

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?