History, 05.10.2019 07:30 nelyanariba981p555ve
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. the demand for the magazine will go up.
b. there will be a shortage of 150 magazines.
c. there will be a surplus of 100 magazines.
d. the surplus will be greater than their sales.
Answers: 2
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