Friday
December 19, 2014

Homework Help: Economics

Posted by Anonymous on Monday, April 30, 2012 at 7:06pm.

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.

D. am I correct?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - Suppose the market for the magazine is in equilibrium. Some students...
micro economics - For each event, illustrate the impact on the relevant market ...
economics 11 - The demand and supply schedules for milk are as follows: Price ...
macro economics - For each event, illustrate the impact on the relevant market ...
economics - suppose a competitive market consists of identical firms with a ...
Micro ECONOMICS - The majority of the world’s diamonds comes from Country A and ...
economics - The majority of the world’s diamonds comes from Country A and ...
Microeconomics - Answer the following questions based on the graph that ...
economics - Market research has revealed the following information about the ...
economics - The following information applies to the market for a particular ...

Search
Members