Suppose that a rap grouprap group called rg 2rg2 has released its first cd with livelive records at an intended list price of $14.99. music stores have discovered that they can markup the price to $17.99 with continued strong sales. what information does this higher price convey to the recording label?
a. the recording label should cut back on the production and distribution of rg 2rg2's first cd.
b. the price of the cd was too expensive to begin with.
c. the markup by music stores indicates a surplus of rg 2rg2's cd on store shelves.
d. the recording label should expand the production and distribution of rg 2rg2's first cd.