The graph shows the market for college education. To encourage the efficient number of students to enroll colleges receive a subsidy. Draw the new supply curve following introduction of the subsidy. Label it. A subsidy is a payment that of education. to cover part of the costs A. students make to the teachers B. the government makes to colleges O C. students make to the colleges OD. colleges make to students 50- 40- 30- 20- 10- Price and cost (thousands of dollars per student per yea Q S=MC MSB D=MB 10 Quantity (thousands of students per year) 12

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The graph shows the market for college education.
To encourage the efficient number of students to enroll
colleges receive a subsidy.
Draw the new supply curve following introduction of the
subsidy. Label it.
A subsidy is a payment that_ to cover part of the costs
of education.
O A. students make to the teachers
B. the government makes to colleges
C. students make to the colleges
D. colleges make to students
60-
50-
40-
30-
20-
10-
0-
Price and cost (thousands of dollars per student per yea
0
S=MC
MSB
D=MB
2
10
Quantity (thousands of students per year)
>>> Draw only the objects specified in the question.
12
Transcribed Image Text:The graph shows the market for college education. To encourage the efficient number of students to enroll colleges receive a subsidy. Draw the new supply curve following introduction of the subsidy. Label it. A subsidy is a payment that_ to cover part of the costs of education. O A. students make to the teachers B. the government makes to colleges C. students make to the colleges D. colleges make to students 60- 50- 40- 30- 20- 10- 0- Price and cost (thousands of dollars per student per yea 0 S=MC MSB D=MB 2 10 Quantity (thousands of students per year) >>> Draw only the objects specified in the question. 12
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