Beats produces many models of headphones in its product line. if

Beats produces many models of headphones in its product line. If profits on the Wireless Headphone model increase, would this be reflected as a change in demand or a change in supply in the market for the Studio Headphones model, ceteris paribus? Explain. Be sure to clearly identify a textbook variable or determinant that is causing this change. Would this change be an increase or decrease? Explain. Would this change result in a surplus or in a shortage in the market for Studio Headphones? Explain. Given this surplus or shortage, how will a new equilibrium be established? What do you predict will happen to the equilibrium price and the equilibrium quantity exchanged in the market for Studio Headphones? Explain.

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