How might subsidy affect the amount of education


Problem

State governments effectively subsidize tuition in state universities and colleges. How might this affect the amount of education that individuals get? Is there a substitution effect? Is there a market failure that this program might be addressing? Are there alternative ways of addressing it?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How might subsidy affect the amount of education
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