Multiple Choice
If you compared the short-run demand and long-run demand for education at your college, you would almost certainly find that
A) the long-run demand curve was steeper than the short-run demand curve.
B) a tuition increase would reduce enrollment more in the long run than in the short run.
C) a reduction in tuition would increase enrollment in the short run but not in the long run.
D) the short-run and long-run demand curves were identical.
Correct Answer:

Verified
Correct Answer:
Verified
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