At the Wossamotta University, an economics class is offered at two times: 10 a.m. and 8 p.m. The supply of seats in the classroom is the same at both times. However, student demand for the 10 a.m. class is higher than for the 8 p.m. class. Adjust the following graph to show the position of the curve reflecting the demand for the 10 a.m. class relative to the demand for the 8 p.m. class. Tuition (Dollars) 140 126 112 98 84 70 56 42 28 14 0 0 10 20 Supply of seats in class Demand 30 40 50 60 70 Number of Seats in Class (8 p.m.) of 80 90 100 Demand, (8 p.m.) 0- Supply of seats in class 10 a.m. Assuming that the Wossamotta University charges the same tuition of $70 regardless of which class a student takes, on the graph, place the black point (the cross symbol) to indicate how many seats will be demanded at 10 a.m. Based on the graph, there is a (?) seats for the 10 a.m. class.
At the Wossamotta University, an economics class is offered at two times: 10 a.m. and 8 p.m. The supply of seats in the classroom is the same at both times. However, student demand for the 10 a.m. class is higher than for the 8 p.m. class. Adjust the following graph to show the position of the curve reflecting the demand for the 10 a.m. class relative to the demand for the 8 p.m. class. Tuition (Dollars) 140 126 112 98 84 70 56 42 28 14 0 0 10 20 Supply of seats in class Demand 30 40 50 60 70 Number of Seats in Class (8 p.m.) of 80 90 100 Demand, (8 p.m.) 0- Supply of seats in class 10 a.m. Assuming that the Wossamotta University charges the same tuition of $70 regardless of which class a student takes, on the graph, place the black point (the cross symbol) to indicate how many seats will be demanded at 10 a.m. Based on the graph, there is a (?) seats for the 10 a.m. class.
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 7P
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Question
Not sure what adjustments to make to the graph and how to solve
![At the Wossamotta University, an economics class is offered at two times: 10 a.m. and 8 p.m. The supply of seats in the classroom is the same at both
times. However, student demand for the 10 a.m. class is higher than for the 8 p.m. class.
Adjust the following graph to show the position of the curve reflecting the demand for the 10 a.m. class relative to the demand for the 8 p.m. class.
Tuition (Dollars)
140
126
112
98
84
70
56
42
28
14
0
0 10 20
Supply of seats in class
Demand,
30 40 50 60 70
Number of Seats in Class
Based on the graph, there is a
(8 p.m.)
of
80 90 100
Demand,
(8 p.m.)
Supply of seats in class
10 a.m.
Assuming that the Wossamotta University charges the same tuition of $70 regardless of which class a student takes, on the graph, place the black
point (the cross symbol) to indicate how many seats will be demanded at 10 a.m.
(?)
seats for the 10 a.m. class.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ca7984d-0485-419c-9933-18e8ef54c6b0%2F73271505-7a35-462f-b3d2-0c7645b33160%2Fva3n2jg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the Wossamotta University, an economics class is offered at two times: 10 a.m. and 8 p.m. The supply of seats in the classroom is the same at both
times. However, student demand for the 10 a.m. class is higher than for the 8 p.m. class.
Adjust the following graph to show the position of the curve reflecting the demand for the 10 a.m. class relative to the demand for the 8 p.m. class.
Tuition (Dollars)
140
126
112
98
84
70
56
42
28
14
0
0 10 20
Supply of seats in class
Demand,
30 40 50 60 70
Number of Seats in Class
Based on the graph, there is a
(8 p.m.)
of
80 90 100
Demand,
(8 p.m.)
Supply of seats in class
10 a.m.
Assuming that the Wossamotta University charges the same tuition of $70 regardless of which class a student takes, on the graph, place the black
point (the cross symbol) to indicate how many seats will be demanded at 10 a.m.
(?)
seats for the 10 a.m. class.
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