The supply of seats for an economics class at 10 a.m. is the same as the supply of seats for the same class at noon. Every student who wants to attend this class at noon can, but there is a shortage of seats in the 10 a.m. class. If tuition does not vary by time of day, it follows that the demand for the 10 a.m. class is __________ the demand for the noon class.

Question

The supply of seats for an economics class at 10 a.m. is the same as the supply of seats for the same class at noon.  Every student who wants to attend this class at noon can, but there is a shortage of  seats in the 10 a.m. class. If tuition does not vary by time of day, it follows that the demand for the 10 a.m. class is __________ the demand for the noon class.

Quizplus · Accepted Answer

The shortage of seats in the 10 a.m. class indicates that the demand for that class is greater than the supply, whereas every student can attend the noon class, suggesting that the demand for the 10 a.m. class is greater than the demand for the noon class.

The Supply of Seats for an Economics Class at 10