Data from the registrar's oﬃce at Gigantic State University indicate that over the past 20 years tuition and enrollment have both increased. From this information we can conclude that

Question

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The increase in enrollment and tuition suggests that there has been an increase in demand for education at GSU over the 20-year period. This increase in demand could be driven by factors such as an increase in the school-age population, higher incomes, and a stronger preference for education. However, we cannot conclude that the supply of education provided by GSU has also increased without additional information. We also cannot conclude that higher education is an exception to the law of demand, as we do not have enough information to make such a claim. Finally, while it is possible that GSU's supply curve of education is downsloping, we cannot make this claim based on the given information alone.

Data from the Registrar's Oﬃce at Gigantic State University Indicate