In this article from SmartMoney the rising cost of college is addressed. We can see with supply and demand everything that is at work in this article. Consider the following: Let's assume that going to college is a "normal good" and that the extension of loans and grants are a form of increased income. What does that do to the demand curve for college? What would happen to the equilibrium price and quantity of going to college? Using a supply and demand graph, could you show this?
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