Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

do you agree that This discussion focuses on supply and demand, supply is the amount of a specific good or service that is available in

do you agree that This discussion focuses on supply and demand, supply is the amount of a specific good or service that is available in the market and demand is the amount of the good or service that customers want to buy. The challenges that higher education faces today are caused by several reasons, some of which have a bigger impact than others, but all of which limit access to higher education. I think that over time, less people have been able to obtain higher education, and one reason for this is the cost. A person with a higher education or let us say a college graduate with a degree have a higher chance of getting a job over someone with lower education. This sums up the reason why people will try to get access to higher education, but higher education today is costly and that is where the issue lies. The demand for higher education is decreasing yet there is a lot of supply on the market. With the oversupply and high prices combined, the problem cannot be fixed. If the demand is decreasing what could help is to lower the cost for higher education, then you will have

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Global Business Understanding the International Environment & Global Business Functi

Authors: Julian Gaspar, James Kolari, Richard Hise, Leonard Bierman, L. Smith, Antonio Arreola Risa

2nd edition

1305501187, 9780547152127, 547152124, 9781111824259, 1111824258, 978-1305501188

More Books

Students also viewed these Economics questions

Question

What moves data between the main memory and local buffer?

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago