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Article: https://www.theatlantic.com/ideas/archive/2018/12/does-it-matter-where-you-go-college/577816/ 1. This article discusses the market for Ivy League and elite colleges. The article states that About 45 percent of America's billionaires and
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https://www.theatlantic.com/ideas/archive/2018/12/does-it-matter-where-you-go-college/577816/
1. This article discusses the market for Ivy League and elite colleges. The article states that "About 45 percent of America's billionaires and more than half of Forbes's list of the most powerful people attended [these elite schools]." Based on facts like these, an increasing number of students are applying to these elite colleges. a. What does this represent: a change in the demand curve or the supply curve? b. Is it a movement along the curve or a shift of the curve? c. In which direction? d. Why (what is the cause of the change)? 2. What are some of the substitutes to elite colleges that the article discusses? 3. What are some of the complements to elite colleges that the article discussesStep by Step Solution
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