Identifying the pre-voucher equilibrium price

Reference no: EM133538173

Assignment:

1. Use a supply and demand model to illustrate the effect of the vouchers on the market for private school students, identifying the pre-voucher equilibrium price, and the post-voucher price that students pay and price that schools receive. What about for parish members and non-members. Does the voucher benefit one group of students more than the other?

2. Based on your answer above, explain why some would claim that the price increases were not only predictable, but even necessary. (Hint: What happens to the equilibrium quantity of students?)

Reference no: EM133538173

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