Why can we be confident that the market for college education is competitive and that an increase in demand rather than the greed of college administrators is the reason for the ongoing rise in​ tuition? We can be confident that the market for college education is competitive and that an increase in demand rather than the greed of college administrators is the reason for the ongoing rise in tuition for all of the following reasons except ​ .

Question Completion:

A.  if college administrators raised the tuition with no change in​ supply, a surplus of college places would be created at the higher ​tuition, and the tuition would start to fall

B.  the law of demand does not hold

C.  more than​ 4,500 public and private​ 2-year and​ 4-year schools supply college education services

D.  an increase in demand raises the tuition and increases the ​enrollment, which accurately describes the market for college education

We can be confident that the market for college education is competitive and that an increase in demand rather than the greed of college administrators is the reason for the ongoing rise in tuition for all of the following reasons except ​ .

B.  the law of demand does not hold

Explanation:

The law of demand implies that the price of a good or service responds to the level of demand. In other words, higher demand increases the price, while lower demand reduces the price.  This implies that without the higher demand for college education, college administrators will not be able to sustain an increase in tuition.  Therefore, an increase in the demand for college education will lead to increased enrollment, which spurs college administrators to raise tuition.

a and c

explanation: