The demand for seats in 10 a.m.classes at the university is higher than the demand for seats in 8 a.m.classes.The supply of seats is fixed.If the university can only charge a single price and wishes to maximize the total number of seats purchased during the day,it should set the price
A) at equilibrium for 8
B) at equilibrium for 10 a.m. classes.
C) equilibrium at 8 a.m.
D) disequilibrium at 8 a.m., but we cannot determine which type.
Correct Answer:
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