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Reply to "Question on High Tuition…"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Clearly the equilibrium would be achieved when the tuition is such that there are no people in a waiting list. That’s not the case now. But the equilibrium of supply and demand would need to deliver a much higher tuition. Now there are goods that typically are regulated like water electricity or gas. Nothing strange at all. [/quote] Yes - utilities that are essential for life are indeed regulated. Are you saying private school is essential for life and therefore should have its price regulated?[/quote] Following your logic, electricity prices should be market determined and those who cannot pay can switch to candles. People have other options. [/quote] They actually generally do not have other options. Most utilities are monopolies. So no, that is not following my logic at all and only proves my point further. [/quote] Not really. Sounds like a cool policy proposal to restore free markets everywhere. Maybe people should take a bath in the Potomac if they cannot pay for water.[/quote] Not sure what logically fallacy to start with here, so I’m just gonna stop because your cluelessness speaks for itself. [/quote]
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