Asked by
Rabih Darwiche
on Oct 08, 2024
Verified
(Consider This) The supply of higher education in the United States is:
A) highly price elastic.
B) highly price inelastic.
C) unitary elastic with respect to price.
D) perfectly price elastic.
Higher Education Supply
Refers to the availability of college or university education opportunities, including institutions, programs, and courses offered to students.
Price Inelastic
Describes a situation where the quantity demanded or supplied of a good or service changes minimally in response to price changes.
- Gain insight into the variables affecting supply elasticity and their impact on the dynamics of the market.
Verified Answer
PA
Learning Objectives
- Gain insight into the variables affecting supply elasticity and their impact on the dynamics of the market.