From the 1970s through the 1990s,the relative price of a college education has increased greatly.During the same time period,college enrollment has also increased.This evidence suggests that during this time period
A) the demand curve for a college education has shifted leftward.
B) the demand curve for a college education has shifted rightward.
C) the supply curve for a college education has shifted leftward.
D) the supply curve for a college education has shifted rightward.

Question

Quizplus · Accepted Answer

The increase in college enrollment despite the significant increase in the relative price of college education suggests that the demand curve for a college education has shifted rightward. This means that individuals are willing to pay higher prices for college education, indicating an increase in demand. This could be because of the increasing importance of a college degree in the job market and the growing emphasis on higher education for career opportunities.

From the 1970s Through the 1990s,the Relative Price of a College