The type of scarcity induced because of college admissions is primarily related to Supply. College admissions involve a limited number of spots available at educational institutions, creating a situation where the demand for admission often exceeds the supply of available slots.
What type of scarcity is induced because of college admissions?(1 point)
Responses
There is no scarcity involving college admissions.
There is no scarcity involving college admissions.
Structure
Structure
Demand
Demand
Supply
1 answer
1 answer