The gap between the higher equilibrium tuition and lower student tuition is $4,000 at university A and $10,000 at university B. It follows that
A)if the supply of openings at each university is the same, then the demand to attend university B must be higher than the demand to attend university A.
B)the supply of openings is necessarily larger at university A than B.
C)instructors at university B are likely to be more punctual for their office hours than instructors at university A.
D)instructors at university A are more likely to be punctual for their office hours than instructors at university B.

Question

The gap between the higher equilibrium tuition and lower student tuition is $4,000 at university A and $10,000 at university B.  It follows that
A)if the supply of openings at each university is the same, then the demand to attend university B must be higher than the demand to attend university A.
B)the supply of openings is necessarily larger at university A than B.
C)instructors at university B are likely to be more punctual for their office hours than instructors at university A.
D)instructors at university A are more likely to be punctual for their office hours than instructors at university B.

Quizplus · Accepted Answer

The Answer of The gap between the higher equilibrium tuition and lower student tuition is $4,000 at university A and $10,000 at university B.  It follows that
A)if the supply of openings at each university is the same, then the demand to attend university B must be higher than the demand to attend university A.
B)the supply of openings is necessarily larger at university A than B.
C)instructors at university B are likely to be more punctual for their office hours than instructors at university A.
D)instructors at university A are more likely to be punctual for their office hours than instructors at university B.

The Gap Between the Higher Equilibrium Tuition and Lower Student