At college ABC and at college XYZ,students pay $15,000 less than the equilibrium tuition.If the supply of openings is the same at both colleges,it follows that a shortage of openings will be greater at
A) college ABC than college XYZ.
B) college ABC than the surplus at college XYZ.
C) college XYZ than the surplus at college ABC.
D) college ABC than college XYZ,if the demand is greater at college ABC.
E) college ABC than college XYZ,if the demand is less at college ABC.

Question

Quizplus · Accepted Answer

A shortage of openings will be greater at college ABC than at college XYZ if the demand is greater at college ABC, because a higher demand with the same supply and reduced tuition price exacerbates the shortage.

At College ABC and at College XYZ,students Pay $15,000 Less