Wednesday
April 23, 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...
managerial economics - Suppose the inverse market demand equation is P = 80 íV 4...
Economics - what it meant by equilibrium in economics?how equilibirum attained? ...
economics - suppose a competitive market consists of identical firms with a ...
econ - Suppose there are 1000 identical firms producing diamonds. Diamond miners...
econ - Suppose there are 1000 identical firms producing diamonds. Diamond miners...
micro economics - 1) Assume that the gold-mining industry is competitive. a) ...
Economics M/C - The market in which the assumption of continuous market clearing...
economics - 5. A market contains a group of identical price-taking firms. Each ...
Economics - The market is considered to be _____ (black market/equilibrium/...

Search
Members