What are the potential effects in the market for a college education if the number of colleges offering degrees increases. a) draw a supply/demand graph of the market for college education. b) indicate starting equilibrium price and equilibrium quantity. c) Analyze graphically the effect of the change given above on equilibrium price and equilibrium quantity in the automobile marke

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter4: Supply And Demand: An Initial Look
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What are the potential effects in the market for a college education if the number of colleges offering degrees increases. a) draw a supply/demand graph of the market for college education. b) indicate starting equilibrium price and equilibrium quantity. c) Analyze graphically the effect of the change given above on equilibrium price and equilibrium quantity in the automobile market. 

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