History, 26.07.2019 04:30 annyarias1036

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.

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