From 1970 to 1993,the real price of a college education increased,and total enrollment increased.Which of the following could have caused this increase in price and enrollment?

Question

Quizplus · Accepted Answer

A shift to the left in the supply curve for college education would cause an increase in price, as there would be less supply at each given level of demand. However, a shift to the right in the demand curve for college education would increase enrollment, as more people would be willing and able to pay the higher price. Therefore, option B is the best choice as it explains both the increase in price and enrollment.

From 1970 to 1993,the Real Price of a College Education