Suppose college students are given two options. With option A, the price a student pays for a
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Suppose college students are given two options. With option A, the price a student pays for a class is always the equilibrium price. For example, if the equilibrium price to take Economics 101 is \($600\) at 10 a.m. and \($400\) at 4 p.m., then students pay more for the early class than they do for the later class. With option B, the price a student pays for a class is the same regardless of the time the class is taken. Given the choice between options A and B, many students would say that they prefer option B to option A. Is this the case for you? If so, why would that be your choice?
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