If you compared the short-run demand and long-run demand for education at your college, you would almost certainly find that
A) the long-run demand curve was steeper than the short-run demand curve.
B) a tuition increase would reduce enrollment more in the long run than in the short run.
C) a reduction in tuition would increase enrollment in the short run but not in the long run.
D) the short-run and long-run demand curves were identical.

Question

Quizplus · Accepted Answer

In the long run, students have more time to adjust to changes in tuition, leading to a greater change in enrollment compared to the short run.

If You Compared the Short-Run Demand and Long-Run Demand for Education