If a College Admits Only a Fixed Number of Applicants

question 371

Multiple Choice

If a college admits only a fixed number of applicants every year, then the school's supply curve for admissions is

• A)perfectly elastic.
• B)perfectly inelastic.
• C)quite flat.
• D)downward-sloping.

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Definitions:

Sample Size

The number of observations or data points collected from a subset of a population for analysis.

Weight Loss Program

A structured plan designed to help individuals lose weight through diet, exercise, and sometimes medical intervention.

Proportion of Employees

The ratio or fraction of a total workforce that represents a particular group or satisfies a specific criterion within a company.

Participation

The act of taking part or being involved in an activity or event.