Figure 36.1
-Examine Figure 36.1, which shows the market for K-12 education in an economy. If K-12 education is completely subsidized, _____ students will be educated.

Question

Quizplus · Accepted Answer

When K-12 education is completely subsidized, the quantity of education provided will be at the level where the supply curve meets the demand curve at the subsidized price, which is typically the maximum quantity shown in the figure, 40,000 students.

Figure 36.1 -Examine Figure 36.1, Which Shows the Market for K-12 Education