Question

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.

Answer 1

C. There will be a surplus of 100 magazines

Answer 2

the one that would likely to happen is :
D. the surplus will be greater than their sales
Because the cover price will cause that surplus

hope this helps