The figure below shows the demand and supply curves in the market for elementary education.Figure 13.1
In the figure,
D: Private demand curve for elementary education
D + s: Demand curve which includes public benefits
S: Supply curve of education
Price and Quantity have been taken on vertical and horizontal axes respectively.
-According to Figure 13.1, the outcome of an unregulated, unsubsidized market would be:

Question

The figure below shows the demand and supply curves in the market for elementary education.Figure 13.1
In the figure,
D: Private demand curve for elementary education
D + s: Demand curve which includes public benefits
S: Supply curve of education
Price and Quantity have been taken on vertical and horizontal axes respectively. 
-According to Figure 13.1, the outcome of an unregulated, unsubsidized market would be:

Quizplus · Accepted Answer

In an unregulated, unsubsidized market, the market will reach the equilibrium point where the demand and supply curves intersect. In this case, the intersection point is at c, where the quantity demanded and supplied of elementary education is 20 and the price is $1000. Point a, b, d, and e are not the equilibrium points because they do not intersect with both the demand and supply curves.

The Figure Below Shows the Demand and Supply Curves in the Market