Week 1 Assignment10 Points

a) Draw a demand curve to show how college enrollment can change with college tuition and explain it. (Minimum

b) Examine with respect to the demand for college enrollment, which of the following would cause (1) movement along the demand curve or (2) a shift of the demand curve and explain why?

i).An increase in incomes.

ii).Lower tuition.

iii).An increase in textbook prices.

c) Using supply demand analysis show what will be the change in equilibrium college tuition and college enrollment when there is an increase in income as mentioned in i).