University a Sets Tuition at the Equilibrium Level Based on Price

question 75

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 SAT scores.Enrollment at this school will likely be

• A) at equilibrium.
• B) below equilibrium because of the non-price rationing.
• C) above equilibrium because of the combination of price and non-price rationing.
• D) none of the above

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