From the 1970s Through the 1990s,the Relative Price of a College

question 134

Multiple Choice

From the 1970s through the 1990s,the relative price of a college education has increased greatly.During the same time period,college enrollment has also increased.This evidence suggests that during this time period

• A) the demand curve for a college education has shifted leftward.
• B) the demand curve for a college education has shifted rightward.
• C) the supply curve for a college education has shifted leftward.
• D) the supply curve for a college education has shifted rightward.

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Definitions:

Direct

The process or manner of communication or transaction that happens without any intermediaries.

Channel Conflict

A situation where channels in a distribution chain are in competition with each other or interfere, leading to reduced efficiency or sales.

Vertical

An industry or market in which businesses provide products or services specific to a particular niche, focusing on a tightly defined area of operation.

Conventional

Adhering to established practices or methods; traditional.