From 1970 to 2017, the real price of a college education increased, and total enrollment increased. Which of the following could have caused this increase in price and enrollment? OA. A shift to the left in the supply curve for college education and a shift to the left in the demand curve for college education OB. A shift to the right in the supply curve for college education and a shift to the left in the demand curve for college education OC. A shift to the left in the supply curve for college education and a shift to the right in the demand curve for college education OD. None of the above
From 1970 to 2017, the real price of a college education increased, and total enrollment increased. Which of the following could have caused this increase in price and enrollment? OA. A shift to the left in the supply curve for college education and a shift to the left in the demand curve for college education OB. A shift to the right in the supply curve for college education and a shift to the left in the demand curve for college education OC. A shift to the left in the supply curve for college education and a shift to the right in the demand curve for college education OD. None of the above
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 11PA
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