The two market diagrams below show the market for public and private colleges. Market for Higher Education Private Colleges Tuition (price) E O demand will shift to the left. O supply will shift to the left. O demand will shift to the right. O supply will shift to the right. b. In the market for private colleges: Sprivate O supply will shift to the left. O demand will shift to the right. D₁ Tuition (price) Market for Higher Education Public Colleges Enrollment (students per semester) Enrollment (students per semester) How will an increase in state subsidies to public colleges affect the market for public and private colleges? a. In the market for public colleges: Spublic D₁

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
SPrivate
E
х
ХХ
D,
Enrollment (students per semester)
Enrollment (students per semester)
How will an increase in state subsidies to public colleges affect the market for public and private colleges?
a. In the market for public colleges:
O demand will shift to the left.
O supply will shift to the left.
O demand will shift to the right.
O supply will shift to the right.
b. In the market for private colleges:
O supply will shift to the left.
O demand will shift to the right.
O supply will shift to the right.
O demand will shift to the left.
F
Spublic
Transcribed Image Text:SPrivate E х ХХ D, Enrollment (students per semester) Enrollment (students per semester) How will an increase in state subsidies to public colleges affect the market for public and private colleges? a. In the market for public colleges: O demand will shift to the left. O supply will shift to the left. O demand will shift to the right. O supply will shift to the right. b. In the market for private colleges: O supply will shift to the left. O demand will shift to the right. O supply will shift to the right. O demand will shift to the left. F Spublic
The two market diagrams below show the market for public and private colleges.
Market for Higher Education
Private Colleges
Sprivate
F
E
IX ¹X
O demand will shift to the left.
O supply will shift to the left.
O demand will shift to the right.
O supply will shift to the right.
Market for Higher Education
Public Colleges
b. In the market for private colleges:
Enrollment (students per semester)
Enrollment (students per semester)
How will an increase in state subsidies to public colleges affect the market for public and private colleges?
a. In the market for public colleges:
O supply will shift to the left.
O demand will shift to the right.
Spublic
✓ Proy
D₁
5 of 7 HH
Noxt
A
Transcribed Image Text:The two market diagrams below show the market for public and private colleges. Market for Higher Education Private Colleges Sprivate F E IX ¹X O demand will shift to the left. O supply will shift to the left. O demand will shift to the right. O supply will shift to the right. Market for Higher Education Public Colleges b. In the market for private colleges: Enrollment (students per semester) Enrollment (students per semester) How will an increase in state subsidies to public colleges affect the market for public and private colleges? a. In the market for public colleges: O supply will shift to the left. O demand will shift to the right. Spublic ✓ Proy D₁ 5 of 7 HH Noxt A
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