Suppose that college tuition costs $2,500 a year. At that price, 5 million...

Sarah

New member
...students want to attend, but ...? colleges are willing to accept only 3 million. What happens?

A. There is a surplus in the market for college education.
B. There is a shortage in the market for college education.
C. There is neither a surplus nor a shortage in the market for college education.
 
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