Question

Not everyone gets into college. What type of scarcity causes this? In your answer, discuss each type of scarcity: supply, demand, and structural.
a

College admission is a supply-induced scarcity because the number of people that can get into college is lower than the demand. It is not a demand-based scarcity since the demand remains constant throughout the years. It is not a structural scarcity since more colleges can be built.
b

College admission is demand-induced scarcity because the number of people that want to go to college rises as the population increases. It is not structural scarcity since it is not a limited natural resource. It is not a supply-based scarcity since the number of colleges is growing, not dropping.
c

College admission is a supply-induced scarcity because there is not a large enough supply of colleges to accommodate everyone. It is not structural scarcity since it is not a limited natural resource. It is not a demand-based scarcity since the demand remains constant throughout the years.
d

College admission is structural scarcity because not enough physical college campuses have been built. It is not a supply-based scarcity since the supply is not dropping. It is not a demand based scarcity since the demand remains constant throughout the years.