Using a diagram like the one below, explain why, under our current method of educational finance, a rich family is much more likely than a poor family to send its children to a private school. Other goods B Y-P. Y-2Pe E D Quality of education (Y- P.VP. Y/P. The poor family's budget constraint is A'BD ABD O ABCE O A'BCE The rich family's budget constraint is ABCE ABD O A'BD A'E The rich family's budget constraint would be tangent to the indifference curve at a quality of education that equals 1, the public education option.. Is less than 1, the public education option. exceeds 1, the public education option