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22 October, 21:26

If the tuition is set at $60 there will be a. a shortage at 10 a. m. and a surplus at 8 a. m. b. a surplus at 10 a. m. and a shortage at 8 a. m. c. equilibrium at both 10 a. m. and 8 a. m. because the price is half-way between their individual equilibria. d. none of the above

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  1. 22 October, 21:29
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    If the tuition is set at $60 there will be

    a. a shortage at 10 a. m. and a surplus at 8 a. m.

    b. a surplus at 10 a. m. and a shortage at 8 a. m.

    c. equilibrium at both 10 a. m. and 8 a. m. because the price is half-way between their individual equilibria.

    d. none of the above

    Explanation:

    If the tuition is set at $60 there will be

    a. A shortage at 10 a. m. and a surplus at 8 a. m.
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