![jia699](/avatars/7643.jpg)
jia699
15.11.2019 •
Social Studies
The demand for seats in 10 a.m. classes at the university is higher than the demand for seats in 8 a.m. classes. the supply is fixed. if the university prices classes at the price required to achieve equilibrium at 10 a.m., there will be
a. a shortage at 8 a.m.
b. a surplus at 8 a.m.
c. equilibrium at 8 a.m.
d. disequilibrium at 8 a.m., but we cannot determine which type.
Solved
Show answers
More tips
- S Style and Beauty What Peeling is Suitable for Sensitive Skin?...
- A Auto and Moto What Is the Cost of Customs Clearance for a Car in Russia?...
- L Leisure and Entertainment Should You Buy a Ceramic Knife?...
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Social Studies
- M Mathematics Q4)Write as a mixed number. 23/5 = 19/2 = Write these percentages as fractions. a) 7% = b) 71 % =...
- S Social Studies What was added to the Constitution that listed rights not already in the Constitution? What is the term in years for members of the House of Representatives ?...
- M Mathematics Which figure has no lines of symmetry ?...
- E English Describe an abandoned house with metaphors?...
Ответ:
The correct answer is option b.
Explanation:
At a university, the demand for seats in 10 a.m. classes is higher than the demand for seats in 8 a.m. classes. The supply of seats is fixed.
If the price of both the classes is fixed to achieve equilibrium at 10 a.m., there will be a surplus at 8 a.m. This happens because the demand for classes at 8 a.m is lower, so their equilibrium price should be lower as well.
But since the price is fixed for 10 a.m, it is higher than their equilibrium. At the price level higher than the equilibrium, the quantity supplied will be more and the quantity demanded will be less because of the law of demand and supply. This will create a surplus at 8 a.m.
This is also shown in the given figure.
Ответ:
Us, we pay monhly fees from which we get our future retirement finantial support