Look at the graph. A bookstore owner increases the price of art books to $25. Which of these would occur?

A higher equilibrium point, because demand and price increased
A lower equilibrium point, because the supply will increase
A shortage, because the price is lower than equilibrium price
A surplus, because the price is higher than equilibrium price

Look at the graph A bookstore owner increases the price of art books to 25 Which of these would occur A higher equilibrium point because demand and price increa class=