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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? Question options: (THE ANSWER IS NOT
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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?

Question options: (THE ANSWER IS NOT C OR D)

The demand for the magazine will go up.

There will be a shortage.

There will be a surplus.

Demand will stay the same.

User DirtyNative
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demand will stay the same

User Prithvi Raj Nandiwal
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