if demand for education is more elastic than supply of education which of the following is...

Question

Question

if demand for education is more elastic than supply of education which of the following is expected yo be true:

1) the larger share of the benefit if government subsidies will go to suppliers of efucation services

2) only students benefit from gov. subsidies o

3) the larger share of the benefit of gov. subsidies will go yo students

4) students and the providers of education services will benefit equally

Answer 1

Answer #1

"C"

As the students have more elastic demand for education they will be Benefiting more from the subsidy in the market.

Answer 2

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