voucher value is $3000

The price is $6000

Quantity is 15,000

Now note that the supply of education is not likely to be fixed in the long run. Given time, schools can add classrooms and teachers. Suppose that the long-run market supply curve is given by Qs = 13 + P/3 Compute the market equilibrium price and quantity in the third year after the voucher proposal passes, as well as the new level of consumer surplus and government expenditure.