Figure 36.1
-Examine Figure 36.1, which shows the market for K-12 education in an economy. If K-12 education is completely subsidized, _____ the optimal tuition per student is

Question

Quizplus · Accepted Answer

If K-12 education is completely subsidized, the optimal tuition per student would be zero. This is because the government would cover the entire cost of education and there would be no need for families to pay tuition. As a result, the entire demand curve would shift to the right and the equilibrium quantity of education would increase.

Figure 36.1 -Examine Figure 36.1, Which Shows the Market for K-12 Education