Not everyone gets into college. What type of scarcity causes this? In your answer, discuss each type of scarcity: supply, demand, and structural.(1 point)

Question

Responses

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.
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.

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.
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.

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.
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.

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.

Answer 1

College admission can best be characterized as a supply-induced scarcity. In this context, supply-induced scarcity occurs when the number of available spots in colleges (supply) does not meet the number of students who want to enroll (demand).

1. Supply-Induced Scarcity: This is the situation where the supply of college admissions is not sufficient to meet the demand from prospective students. Despite the increasing number of colleges being established, there are still often not enough places to accommodate every student who applies, leading to competitive admissions processes and some students being left without offers.

2. Demand-Induced Scarcity: This type of scarcity refers to a situation where demand outstrips supply due to an increase in the number of individuals wanting to enroll in college. While it is true that more people are seeking higher education as awareness of its importance grows, the fundamental issue here is not just the increase in demand, but rather the limited capacity of institutions to accommodate all students based on the current infrastructure and resources.

3. Structural Scarcity: This refers to a broader problem where institutional frameworks or societal structures create barriers. In the context of college admissions, structural scarcity could be discussed in terms of systemic issues like socio-economic factors, but the immediate issue at hand is the direct lack of seats available at colleges as a result of the infrastructure not scaling quickly enough to meet rising demand.

In conclusion, while there are aspects of demand and structural challenges in the educational system, the primary issue relating to college admissions is more accurately described as supply-induced scarcity, as the limited capacity of colleges fails to meet the growing demand for higher education.