Exhibit 5-2 Refer to Exhibit 5-2. If the Tuition Is Set at Is

question 21

Multiple Choice

Exhibit 5-2

Refer to Exhibit 5-2. If the tuition is set at $50 there will be

• A)a shortage at 10 a.m. and a surplus at 8 a.m.
• B)a surplus at 10 a.m. and a shortage at 8 a.m.
• C)equilibrium at 8 a.m. and a surplus of seats at 10 a.m.
• D)equilibrium at 8 a.m. and a shortage of seats at 10 a.m.

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Definitions:

Furniture

Movable objects intended to support various human activities such as seating, eating, and sleeping, as well as to hold objects or store items.

Mortgage

A loan specifically used to purchase real estate, where the property serves as collateral until the debt is fully repaid.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.

Payments

Money transferred by one party to another in exchange for goods, services, or to fulfill any other financial obligation.