The Figure Shows the Supply Curve (S) and the Demand

question 237

Multiple Choice

The figure shows the supply curve (S) and the demand curve (D) for college education. The external benefit from college education is $6,000 per student per year and is constant.
-In the figure above, if the government gives a voucher equal to $3,000 per year to each college student, how many students will be accepted?

• A) 8 million per year
• B) 12 million per year
• C) 10 million per year
• D) 14 million per year

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Definitions:

Ampulla

A dilated portion of a tube or canal, such as the widened end of the semicircular canals in the ear.

Fornix

A C-shaped bundle of nerve fibers in the brain that acts as a major pathway for information communication within the limbic system.

Fornices

Fornices refer to arch-like structures in the body, notably the series of arches formed by the folding of the vaginal wall and surrounding the cervix.

Vaginal Orifice

The external opening of the vagina, located between the labia minora in the female genitalia.