Universities a and B Are Substitutes in the Minds of Many

question 2

Multiple Choice

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 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,instead apply to B. Based on the logic presented in one of the theories discussed in the text,we would expect that

• A) instructors at B will begin to be less nearly punctual for office hours than they were before.
• B) instructors at A will begin to be more nearly punctual for office hours than they were before.
• C) instructors at B will be more nearly punctual for office hours than they were before.
• D) a and b
• E) b and c

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