If a state decides to reduce the cost of college tuition, by providing more Pell grants to students ceteris paribus, then the:
A.) Quantity demanded of a college education in the state will decrease.
B.) Demand for a college education in the state will decrease.
C.) Quantity demanded of a college education in the state will increase.
D.) Quantity supplied of a college education in the state will increase.
C.) Quantity demanded of a college education in the state will increase.
Economics
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Game theory is an especially useful model for analysis in the following types of markets:
a. perfect competition. b. monopolistic competition. c. oligopoly. d. monopoly.
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A factor of production is the same as
a. the amount of a good produced b. the price of a good c. a profit of a firm d. an opportunity cost e. a resource
Economics