University A sets tuition at the equilibrium level based on price and then imposes entrance requirements in the form of minimum high school GPA and SAT scores. Enrollment at this school will likely be

A) at the equilibrium level.
B) above the equilibrium level because of the combination of price and the use of non-price rationing devices.
C)   below the equilibrium level because of the use of non-price rationing devices.
D) none of the above

ANSWER:

C)   below the equilibrium level because of the use of non-price rationing devices.