-The Figure Above Shows the Market for Private Elementary School

question 268

Multiple Choice

-The figure above shows the market for private elementary school education in Chicago.There is no external cost of private elementary education.If the government does not intervene in this market,the equilibrium number of students being privately educated is

• A) 0 students.
• B) 200 students.
• C) 400 students.
• D) 600 students.
• E) None of the above answers is correct.

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Definitions:

Winter

The coldest season of the year, characterized by short days, long nights, and typically snow or rain in temperate climates.

Permafrost

A layer of soil or rock below the Earth's surface that remains frozen throughout the year.

Species Richness

The number of different species represented in a given ecological community, landscape, or region.

Evergreen Shrubs

Shrubs that retain their leaves throughout the year and do not shed them seasonally.