-The figure above shows the market for university education. The efficient quantity of education is
A) more than 4 million students and less than 6 million students.
B) more than 6 million students.
C) zero students.
D) 6 million students.
E) 4 million students.

Question

-The figure above shows the market for university education. The efficient quantity of education is
A) more than 4 million students and less than 6 million students. 
B) more than 6 million students. 
C) zero students. 
D) 6 million students. 
E) 4 million students.

Quizplus · Accepted Answer

The efficient quantity of education is determined where the demand and supply curves intersect, which is typically given as a specific quantity in such problems. In this case, it is 6 million students.

-The Figure Above Shows the Market for University Education