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Over last 50 years college education has become more expensive and the nature of job market...

Over last 50 years college education has become more expensive and the nature of job market has changed such that it is difficult to get job without higher education. These factors have caused college enrolment to increase at ever increasing fees for such education. What do you think has happened to demand for and supply of college education during this period?

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The demand for college is inelastic because it's very difficult to get jobs without college education.Because of this reason the demand for college education is rising even when the cost of college education is rising.

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