The Effect of A Quota - Perfectly Inelastic Supply - 26 |
|
 |
Universities set quotas on some subjects, because of limitations on resources. The University
actually supplies a fixed number places.
It is Year 12 students who demand entry. An increase in demand for a particular
course can occur, from year to year.
However, an increase in demand for the course simply means candidates will have to achieve a higher TER entrance score; the ''price'' of an education. |