Exhibit 5-2 -Refer to Exhibit 5-2. If the Tuition Is Set at Tuition

Multiple Choice

Exhibit 5-2

-Refer to Exhibit 5-2. 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