At college X and at college Y, students pay $3,000 less than the equilibrium tuition. If the supply of openings is the same at both colleges, it follows that a shortage of openings will be greater at
A) college X than college Y.
B) college X than the surplus at college Y.
C) college Y than the surplus at college X.
D) college X than college Y if the demand is greater at college X.
E) ?college X than college Y if the demand is less at college X.
D
Economics
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Assume that the full-employment level of output is $5000 billion and the natural unemployment rate is 5%. Suppose the current unemployment rate is 8%
What would be the current level of output according to Okun's law (when the Okun's law coefficient is 2)? A) $4500 billion B) $4700 billion C) $4900 billion D) $5000 billion
Economics
Refer to the table. Over the $10-$8 price range, the elasticity coefficient of supply is:
A. 1.
B. zero.
C. less than 1.
D. greater than 1.
Economics