-The figure above shows the market for university education. The efficient number of students is
A) more than 8 million.
B) 4 million.
C) less than 4 million.
D) 8 million.
E) more than 4 million and less than 8 million.

Question

-The figure above shows the market for university education. The efficient number of students is
A) more than 8 million. 
B) 4 million. 
C) less than 4 million. 
D) 8 million. 
E) more than 4 million and less than 8 million.

Quizplus · Accepted Answer

The efficient number of students is determined where the demand and supply curves intersect, which is at 8 million in the given market for university education.

-The Figure Above Shows the Market for University Education