Since most colleges and universities charge the same tuition to every student regardless of what time students choose to take their classes,
A) the schools must develop some type of non-price rationing device.
B) it follows that all classes will have a shortage of seats.
C) it follows that all classes will have a surplus of seats.
D) it follows that some classes will likely have a shortage of seats while other classes may have a surplus of seats.
E) a and d

Question

Quizplus · Accepted Answer

A) Non-price rationing devices are necessary because when price does not vary to balance supply and demand, other methods must be used to allocate resources (in this case, seats in classes). D) It's logical that some classes (likely those in high demand or at more convenient times) will have too many students wanting to enroll (a shortage of seats), while less popular classes or those at less convenient times may not fill up (a surplus of seats).

Since Most Colleges and Universities Charge the Same Tuition to Every