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Describe The Conditions That Will Prevail If Tuition Is Held Below Equilibrium Cost And Higher Tuition Essay

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Part A Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." 1. Assuming that state funding for the universities is held constant; describe the conditions that will prevail if tuition is held below equilibrium price. Provide one (1) example to support your response. i. If tuition is held below equilibrium price, demand will surpass supply. A price below equilibrium is called a price ceiling. Benefits inure to the consumers who get to obtain the tuition at lower cost, and other suppliers also benefit because demand exceeds supply, and buyers will move to substitutes, regardless of price. Excess buyers who want …show more content…

It has been found that universal vaccination with inactivated trivalent influenza vaccine is cost-saving relative to providing helpful care alone in the pregnant population. In addition, in Canada, targeted vaccination of pregnant women with co-morbidities has been found to be cost-saving. Studies observing the economics of influenza vaccination of persons with chronic disease show it is cost effective. (Burden of Influenza & Benefit of Vaccination, 2014) c. In what ways has the government become involved in the distribution of flu shots? For what reasons? i. The Government has left the delivery of flu shots to private doctors and centers such as pharmacies. The Government has in its place fixated on supporting manufacturing. In former years the government has found inadequate supply of vaccines, so the effort to provide higher production should yield a higher usage amount. 1. Describe one (1) reason why the private market for flu vaccinations would produce an inefficient outcome. i. Progressive externalities are ignored or the benefit of others who did not choose to incur that cost or benefit. As such, inadequacy in the distribution occurs, because the marginal social advantage is not part of the equation. Private providers will not value the vaccine to help social goods, only the price per delivery. 2. Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations. i. Government

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