Data from the registrar's office at Gigantic State University indicate that over the past 20 years tuition and enrollment have both increased. From this information we can conclude that:

A. higher education is an exception to the law of demand.

B. the supply of education provided by GSU has also increased over the 20-year period.

C. school-age population, incomes, and preferences for education have changed over the 20-year period.

D. GSU's supply curve of education is downsloping.

Answer rating: 100% (QA)

Solution The correct option is C F... View the full answer