Universities a and B Are Substitutes in the Minds of Many

question 32

Multiple Choice

Universities A and B are substitutes in the minds of many college students.Initially the student tuition at each university is the same and far below the equilibrium tuition.Then,the tuition at A is raised and B is not.As a result of a rising tuition at A,some students who would have applied and enrolled in A,apply to B instead.Based on the logic presented in one of the theories discussed in the textbook,we would expect that

• A) instructors at B will begin to be less nearly punctual for office hours than they were previously.
• B) instructors at A will begin to be more nearly punctual for office hours than they were previously.
• C) instructors at B will be more nearly punctual for office hours than they were previously.
• D) a and b
• E) b and c

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Definitions:

Margin of Error

A statistical measure that represents the amount of error in a survey's results, which indicates the range within which the true value is expected to lie with a certain level of confidence.

Reduced-Fat Cookies

Cookies formulated with less fat content than their traditional counterparts, aiming to provide a healthier snack option.

Grams of Fat

A nutritional measurement indicating the amount of fat, in grams, contained in a food item.

Confidence Interval

A compilation of values, taken from samples' statistics, likely embracing the value of an enigmatic population parameter.