During the early 2000s, high schools moved more toward a "college prep" curriculum with a focus on preparing more students to go to college. As a result, it became more difficult for students to be accepted to college, and not everyone gets in. This shortage is caused by what type of scarcity?(1 point)

Question

Responses

College admission is a supply-induced scarcity because the number of people that can get into college is lower than the demand.
College admission is a supply-induced scarcity because the number of people that can get into college is lower than the demand.

College admission is a governmental-induced scarcity because the government limits the number of people who are accepted.
College admission is a governmental-induced scarcity because the government limits the number of people who are accepted.

College admission is structural scarcity because not enough physical college campuses have been built.
College admission is structural scarcity because not enough physical college campuses have been built.

College admission is demand-induced scarcity because the number of people that want to go to college has increased.

Answer 1

The most accurate response would be:

College admission is a supply-induced scarcity because the number of people that can get into college is lower than the demand.

This explanation highlights that the limited capacity of colleges to accept students (supply) is not meeting the increasing number of applicants (demand), leading to scarcity in college admissions.