Macroeconomics (Book Only)
Macroeconomics (Book Only)
12th Edition
ISBN: 9781285738314
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 5.7, Problem 1ST
To determine

Explain the changes in the admission standards of the university.

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Services are perishable, which means they cannot be stored or inventoried. What attempts might a university or college make to 'shift' both the supply (when needed during busier times) and the demand (to non-peak times) in order to balance the supply and demand for its services?
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Hi! I'm fairly confident that the answer here is none of these, but I want to be as thorough as possible in reviewing for my exam.
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