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The demand for seats in 10 a.m. classes at the university is higher than the demand for seats in 8 ...

flemingpk

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The demand for seats in 10 a.m. classes at the university is higher than the demand for seats in 8 ...

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 of seats is fixed. If the university prices classes at the price required to achieve equilibrium at 10 a.m., there will be

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a shortage at 8 a.m.

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a surplus at 8 a.m.

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equilibrium at 8 a.m.

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disequilibrium at 8 a.m., but we cannot determine which type.

Textbook

Economics

Edition: 12^th

Author: Arnold

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More solutions for this book are available here

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