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) a and c
E) There is not enough information to answer this question.

Question

Quizplus · Accepted Answer

If the demand to attend the college rises, but the tuition stays constant, it means that more students are willing to pay the current tuition price to attend the college. This would lead to an increase in the shortage of available spots, as the supply of positions remains constant. To address this shortage, the college would have to become more selective in their admissions process, which would likely result in the requirement of a higher GPA to attend the college.

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