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expeople1 [14]
2 years ago
5

Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is

the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed in the textbook, we would expect that
Business
1 answer:
leonid [27]2 years ago
4 0

Answer:

the options are missing (see attached image), the correct answer is:

the fourth option: A and B

Explanation:

Since the demand for University B increased, their teachers should be more relaxed, resulting in a decrease of their performance, e.g. less punctual. On the other, the teachers of University A which lost students, should try to increase their performance level, e.g. being more punctual.

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12. Cash                  Dr.$931

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24.  Accounts Payable     Dr.$2,400

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31. A/R Creek Co.   Dr.$6,900

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Cost of Goods Sold    Dr.$5,500

Inventory                    Cr.$5,500      

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