Business, 19.03.2020 01:29, ochoacesar2000

UIC estimates that the in-state student demand for undergraduate education is Q subscript i n minus s t a t e end subscript equals 10 comma 000 space minus space 2 P , and out-of-state student demand is Q subscript o u t minus o f minus s t a t e end subscript equals 30 comma 000 space minus space P . The total market demand facing UIC will be a:

A. Straight line with a slope of -1.5

B. Straight line with a slope of -1.0

C. Kinked line with the kink at Q=5,000

D. Kinked line with the kink at P=5,000

Answers: 3

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UIC estimates that the in-state student demand for undergraduate education is Q subscript i n minus...