The demand to attend a certain college is represented by a downward-sloping demand curve. The supply of spots at the college is represented by a vertical supply curve. At the tuition that students are charged, there is a shortage of spots at the college. If the demand to attend the college rises, but the tuition stays constant, it follows that the
A)GPA required to attend the college will probably rise.
B)GPA required to attend the college will probably fall.
C)SAT score required to attend the college will probably not change.
D)There is not enough information to answer this question.

Question

Quizplus · Accepted Answer

If the demand to attend the college rises, it means that there will be even more students competing for the same number of spots. This will likely lead to an increase in the GPA required to attend the college as the college will have more qualified applicants than it can accept. The tuition staying constant will not affect the GPA requirement. Therefore, the correct answer is A.

The Demand to Attend a Certain College Is Represented by a Downward-Sloping