The demand for seats in 10 a.m. classes at the university is higher than the demand for seats in 8 a.m. classes. The supply of seats is fixed. If the university can only charge a single price and wishes to maximize the total number of seats purchased during the day, it should set the price
A) at equilibrium for 8 a.m. classes.
B) at equilibrium for 10 a.m. classes.
C) midway between the two equilibria.
D) below either 8 a.m. or 10 a.m. equilibrium price.
A
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Fill in the blank(s) with the appropriate word(s).
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