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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?

AThe demand for the magazine will go up.
BThere will be a shortage of 150 magazines.
CThere will be a surplus of 100 magazines.
DThe surplus will be greater than their sales.

Verified Answer :

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
CThere will be a surplus of 100 magazines

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