Question 07 The figure below shows the supply and demand of two related markets: college degrees and labor of college graduates (affected roughly four years later). Price Market for College Price + Market for College Graduates Di 9Q Qa D Quantity Quantity Which story is consistent with the shifts and changes depicted in the figure? (a) The Covid-19 pandemic reduced demand for college. Four years later, there are fewer college graduates entering the labor market. (b) There is a new tax imposed on all institutions offering college degrees. (c) There is a new educational subsidy given to anyone attending college. (d) Labor market projections indicate an increase in the demand for college graduates four years from now.

Question 07 The figure below shows the supply and demand of two related markets: college degrees and labor of college graduates (affected roughly four years later). Price Market for College Price + Market for College Graduates Di 9Q Qa D Quantity Quantity Which story is consistent with the shifts and changes depicted in the figure? (a) The Covid-19 pandemic reduced demand for college. Four years later, there are fewer college graduates entering the labor market. (b) There is a new tax imposed on all institutions offering college degrees. (c) There is a new educational subsidy given to anyone attending college. (d) Labor market projections indicate an increase in the demand for college graduates four years from now.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 10PA

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