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Exhibit 5-2 -Refer to Exhibit 5-2.If the Tuition Is Set at $60

Question 14

Multiple Choice

Exhibit 5-2
Exhibit 5-2 -Refer to Exhibit 5-2.If the tuition is set at $60 there will be A) a shortage at 10 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
-Refer to Exhibit 5-2.If the tuition is set at $60 there will be


A) a shortage at 10
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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