University a Sets Tuition at the Equilibrium Level Based on Price

question 62

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 standardized test 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)above the equilibrium price because of the use of non-price rationing devices.

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Definitions:

Lateralized

Refers to the specialization of function in one hemisphere of the brain or the other.

Malnutrition

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The average weight of a human adult brain, typically around 1,300 to 1,400 grams.

Federally Funded

Describes programs or projects that receive their financial support from the federal government.