Answer:
If the tuition is set at $60 there will be
a. a shortage at 10 a.m. and a surplus at 8 a.m.
b. a surplus at 10 a.m. and a shortage at 8 a.m.
c. equilibrium at both 10 a.m. and 8 a.m. because the price is half-way between their individual equilibria.
d. none of the above
Explanation:
If the tuition is set at $60 there will be
a. A shortage at 10 a.m. and a surplus at 8 a.m.
