Question: Having trouble with the question below . I do NOT know how to make or annotate the graph. please help. Due to advanced technology, the
Having trouble with the question below . I do NOT know how to make or annotate the graph. please help.
Due to advanced technology, the price of substitute goods for higher education has increased in demand; therefore, please illustrate by constructing a supply and demand graph, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate. Please explain your rationale based on the determinants of demand and supply.
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