Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed in the textbook, we would expect that
A)instructors at B will not change their habits when it comes to being punctual for office hours.
B)instructors at A will begin to be more nearly punctual for office hours than they were previously.
C)instructors at B will begin to be more nearly punctual for office hours than they were previously.
D)instructors at A will not change their habits when it comes to being punctual for office hours.

Question

Universities A and B are substitutes in the minds of many college students.  Initially the student tuition at each university is the same and far below the equilibrium tuition.  Then, the tuition at A is raised and B is not.  As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead.  Based on the logic presented in one of the theories discussed in the textbook, we would expect that
A)instructors at B will not change their habits when it comes to being punctual for office hours.
B)instructors at A will begin to be more nearly punctual for office hours than they were previously.
C)instructors at B will begin to be more nearly punctual for office hours than they were previously.
D)instructors at A will not change their habits when it comes to being punctual for office hours.

Quizplus · Accepted Answer

The Answer of Universities A and B are substitutes in the minds of many college students.  Initially the student tuition at each university is the same and far below the equilibrium tuition.  Then, the tuition at A is raised and B is not.  As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead.  Based on the logic presented in one of the theories discussed in the textbook, we would expect that
A)instructors at B will not change their habits when it comes to being punctual for office hours.
B)instructors at A will begin to be more nearly punctual for office hours than they were previously.
C)instructors at B will begin to be more nearly punctual for office hours than they were previously.
D)instructors at A will not change their habits when it comes to being punctual for office hours.

Universities a and B Are Substitutes in the Minds of Many