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

question 64

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) a and c
• E) There is not enough information to answer this question.

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