Figure 37.1
-Examine Figure 37.1. What is the number of students educated in a market that has no subsidy?

Name: Figure 37.1 -Examine Figure 37.1. What is the number of students educated in a market that has no subsidy?
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Question

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The market equilibrium without subsidy is represented by the intersection of the supply curve (S') and the demand curve (D). At this equilibrium point, the quantity of students educated is S*, which is the number of students willing to pay the market price for education.

Figure 37.1 -Examine Figure 37.1. What Is the Number of Students Educated