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Examine Figure 36.1, which shows the market for K-12 education in an economy. If K-12 education is completely subsidized, educated. students will be SD 1.000

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Examine Figure 36.1, which shows the market for K-12 education in an economy. If K-12 education is completely subsidized, educated. students will be SD 1.000 16 SO 0.000 000 Tuition Demand with external benefits Demand $12,000 Supply $8,000 $6,000 $4,000 10,340 20,000 40.000 40.640 Enrolled Students Multiple Choice O 20,000 10,340 40,640 O 40,000

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