University a Sets Tuition at the Equilibrium Level Based on Price

question 21

Multiple Choice

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

• A) at the equilibrium level.
• B) below the equilibrium level because of the use of non-price rationing devices.
• C) above the equilibrium level because of the combination of price and the use of non-price rationing devices.
• D) none of the above

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Definitions:

Hidden Observer Theory

A concept in hypnosis positing that a separate consciousness is formed in an individual that is aware of all things during hypnosis.

Behavioral Theory

A theory that focuses on studying and modifying observable behavior through conditioning processes.

Hallucinogen

A substance causing alterations in perception, mood, and thought, typically inducing visions or hallucinations without external stimuli.

Painkiller

A drug or substance used to relieve pain, also known as an analgesic.