Question:In 2004, the University of California education system
drastically cut enrollment due to significant state budget...
Question
In 2004, the University of California education system
drastically cut enrollment due to significant state budget...
In 2004, the University of California education system
drastically cut enrollment due to significant state budget cuts and
asked 7,600 applicants to defer enrollment for two years after
completing two years at a community college. Tuition costs remained
fixed by the state.
Demonstrate the situation described with supply and demand
curves, carefully labeling any excess supply or demand for college
admission.
What is the market solution to the excess demand for
college?
What is a possible reason the market solution was not
pursued?
submit your graph as a jpg attachment in your original
discussion post