The government offers numerous educational subsidies through grants and low-cost equipment to schools.They also provide a lot of incentives to go to school.Because of this,we expect that:
A) the equilibrium price of education will be indeterminate and the equilibrium quantity of students will go up.
B) the equilibrium price of education will go up and the equilibrium quantity of students will go up.
C) the equilibrium price of education will go down and the equilibrium quantity of students will be indeterminate.
D) the equilibrium price of education will be indeterminate and the equilibrium quantity of students will go down.
E) the equilibrium price of education will go up and the equilibrium quantity of students will be indeterminate.
Correct Answer:
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