The following events occurred for johnson company:
a. received investment of $43,000 cash by organizers and distributed 1,180 shares of $1 par value common stock to them.
b. purchased $8,800 of equipment, paying $1,300 in cash and signing a note for the rest.
c. borrowed $9,000 cash from a bank.
d. loaned $500 to an employee who signed a note.
e. purchased $17,048 of land; paid $7,000 in cash and signed a mortgage note for the balance.

The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.