An increase in professors' salaries increases the supply of college education.

Question

Quizplus · Accepted Answer

An increase in professors' salaries may attract more individuals to pursue a career in academia, which may increase the number of professors available to teach at colleges. However, this does not necessarily lead to an increase in the supply of college education. The supply of college education is determined by the number of seats available in colleges, which is dependent on the resources available to construct or expand college campuses.

An Increase in Professors' Salaries Increases the Supply of College