October 9, 2015

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.

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