Diagrammatically show and explain why a price ceiling that is above the equilibrium price will not prompt a tie-in sale. Harvard, Yale, and Princeton all charge relatively high tuition. Still, each...

Diagrammatically show and explain why a price ceiling

that is above the equilibrium price will not prompt a

tie-in sale.

Harvard, Yale, and Princeton all charge relatively high

tuition. Still, each uses ACT and SAT scores as admission criteria. Are charging a relatively high tuition and

using standardized test scores (as admission criteria)

inconsistent? Explain your answer.