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. there will be a shortage.
b. demand will stay the same.
c. the demand for the magazine will go up.
d. there will be a surplus.

d) there will be a surplus.

Explanation: At the equilibrium state, the supply of magazine and demand of magazine will be equal.After the increment in the price of magazine, the demand of magazine will be less due to it.

As the supply is still constant with low demand, there will be abundance in the stock of magazine .Thus, there will be a surplus of magazines.

Other option are incorrect because magazine shortage will not occur , demand will decrease and not go up.Thus, the correct option is option(d).

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

d.

thist title points out that you are explaining the nature of the u.s. government. it is the most specific. a representative government consists of a government where decisions are taken according to a voting system. the most essential aspect of a representative government is found in the different structures where voting rights are granted to different groups of people. for example, voting for governor, mayor, president, local police chief etc.