The Demand to Attend a Certain College Is Represented by a Downward-Sloping

question 55

Multiple Choice

The demand to attend a certain college is represented by a downward-sloping demand curve. The supply of spots at the college is represented by a vertical supply curve. At the tuition that students are charged, there is a shortage of spots at the college. If the demand to attend the college rises, but the tuition stays constant, it follows that the

• A)GPA required to attend the college will probably rise.
• B)GPA required to attend the college will probably fall.
• C)SAT score required to attend the college will probably not change.
• D)There is not enough information to answer this question.

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