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The Demand for Seats in 10 A

Question 23

Multiple Choice

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 prices classes at the price required to achieve equilibrium at 10 a.m., there will be


A) a shortage at 8 a.m.
B) a surplus at 8 a.m.
C) equilibrium at 8 a.m.
D) disequilibrium at 8 a.m., but we cannot determine which type.

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