Instructions: Enter your answers as a whole number. (Click to select) The profit-maximizing price for Lady Gaga MP3s S: $ increase The profit-maximizing quantity for Lady Gaga MP un is: thousand MP3s. not change b. In the long run, the demand curve will (Click to decrease c. In the long run, the profit-maximizing price will (Click to select) vInstructions: Enter your answers as a wh (Click to select) not shift The profit-maximizing price for Lady Gag port run is: $ shift right The profit-maximizing quantity for Lady C e short run is: thousand MP3s. shift left b. In the long run, the demand curve will (Click to select) v C. In the long run, the profit-maximizing price will (Click to select) vInstructions: Enter your answers as a whole number. The profit-maximizing price for Lady Gaga MP3s in the short run is: $ The profit-maximizing quantity for Lady Gaga MP3s in the short run is: thousand MP3s. b. In the long run, the demand curve will (Click to select) v c. In the long run, the profit-maximizing price will (Click to select) vInterscope sells the music of Lady Gaga, who promotes a unique public image and fashion style. Given her huge success, It is likely that by the end of the coming year, multiple performers will be imitating or borrowing heavily from her style. Suppose the current period's supply and demand for Lady Gaga MP3s is given in the figure below. a. Identify the profit-maximizing quantity and price on the graph. Instructions: Use the tool provided 'Pt. A to plot the profit-maximizing quantity and price. Price $2:00 Tools $1.75 MC PLA $1 50 $1.25 $1.00 ATC $0.75 $0.50 SO.25 MR 20 40 60 80 100 120 140 160