Multiple Choice
Between 2001 and 2015, equilibrium college tuition rose from $15,000 to $27,000 and equilibrium enrollment increased from 16 million to 21 million students. These changes could be the result of
A) an increase in demand.
B) an increase in supply.
C) a decrease in demand.
D) a decrease in supply.
Correct Answer:
Verified
Correct Answer:
Verified
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