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Q: Suppose the market for the magazine is in equilibrium. Some students insist on raising the cover price by $1 and printing the same quantity. What is likely to happen? A. The demand for the magazine
will go up. B. There will be a shortage of 150 magazines. C. There will be a surplus of 100 magazines. D. The surplus will be greater than their sales.
A: Suppose the market for the magazine is in the equilibrium. Some students insist on raising the cover price by 1$ and printing the same quantity what is likely to happen? C. There will be a surplus of 100 magazines.
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User: 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.

Weegy: Suppose the market for the magazine is in the equilibrium. Some students insist on raising the cover price by 1$ and printing the same quantity what is likely to happen? C. There will be a surplus of 100 magazines.
Micharnaezz|Points 120|

User: Which is a real-life example of a market that is close to perfect competition? A. a computer monopoly B. an oil and gas cartel C. a farmers’ market D. a public school system

Weegy: The correct answer is C. A farmers market.
Slayin|Points 743|

User: How do price changes drive markets toward equilibrium? A. They set new price floors and ceilings. B. They increase or decrease supply or demand. C. They ensure that prices are fair. D. They prevent inflation or deflation.

Weegy: It affects B the most.
jhehe|Points 385|

User: When quantity demanded in a market is more than the quantity supplied, _____ occurs. A. a surplus B. an equilibrium C. a shortage D. a production possibility

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Asked 7/1/2013 1:27:40 PM
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