Wednesday
April 23, 2014

Homework Help: economics

Posted by Joanne on Friday, April 20, 2012 at 4:59pm.

Over the last 30 years in the United States, the realprice
of a college education (i.e., after adjusting for inflation) has increased by almost
70 percent. Over the same period, an increasing number of high school grad-
uates have sought a college education. (Nationwide college enrollments almost
doubled over this period.) While faculty salaries have barely kept pace with
inflation, administrative staffing (and expenditures) and capital costs have
increased significantly. In addition, government support to universities (partic-
ularly research funding) has been cut.
a. College enrollments increased at the same time that average tuition rose
dramatically. Does this contradict the law of downward-sloping demand?
Explain briefly.
b. Use supply and demand curves (or shifts therein) to explain the dramatic
rise in the price of a college education.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

college American Government - How should the United States prosecute its war ...
Economics - (Absolute and Comparative Advantage) You have been given the ...
Macroeconomics - Peter Pundit, an economics reporter, states that the European ...
government - to be president of the united states a person must have lived in ...
college - Do some research into why the United States has been so slow to adopt ...
math - The area of each of the four states shown of the united states is given ...
history /: - The united states developed the open door policy toward china as a ...
economics - Since employment rates are consistently higher in Canada and some ...
social studies - How did U.S. participation in World War I impact U.S. foreign ...
History - 8. What was the Eisenhower Doctrine? A.) The United States would ...

Search
Members