University A sets tuition at the equilibrium level based on price and then imposes entrance requirements in the form of minimum high school GPA and SAT scores.Enrollment at this school will likely be

Question

Quizplus · Accepted Answer

The entrance requirements act as a non-price rationing mechanism, limiting the number of students who can enroll, thus likely keeping enrollment below the equilibrium level.

University a Sets Tuition at the Equilibrium Level Based on Price