February 22, 2017

Homework Help: Economics

Posted by Anonymous on Saturday, June 2, 2012 at 1:53pm.

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.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions