The Demand for Seats in 10 A

question 45

Multiple Choice

The demand for seats in 10 a.m. classes at the university is higher than the demand for seats in 8 a.m. classes. The supply of seats is fixed. If the university can only charge a single price and wishes to maximize the total number of seats purchased during the day, it should set the price

• A)at equilibrium for 8 a.m. classes.
• B)at equilibrium for 10 a.m. classes.
• C)midway between the two equilibria.
• D)below either 8 a.m. or 10 a.m. equilibrium price.

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Definitions:

Autotrophs

Organisms capable of producing their own food from inorganic substances using light or chemical energy, without consuming organic substances from other organisms.

Heterotrophs

Organisms that cannot synthesize their own food and rely on other organisms — both plants and animals — for nutrition.

Trophic Levels

Refers to the hierarchical levels in an ecosystem, categorized by how energy is obtained, ranging from producers to primary consumers and up to apex predators.

Carnivore

An animal that mainly feeds on other animals; a mammal belonging to order Carnivora (e.g., wolves or seals).