=+f.* Given this change in demand, what will happen to tuition and the number of children served
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=+f.* Given this change in demand, what will happen to tuition and the number of children served in existing private schools in the short run assuming the number of schools is fixed and no new schools can enter in the short run? (Hint: You will need to know the current level of capital, derive the short-run supply function for private schools, then aggregate them across the existing private schools.)
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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