Wednesday 13 April 2011

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Subsidy-Absorbing Institutions of Higher Education – Forbes (blog)

Subsidy-Absorbing Institutions of Higher Education
Forbes (blog)
Health care, food and education are often thought to fit the bill of an inelastic good – consumer's generally continue to pay for them even when prices rise. Higher education is a relatively inelastic good that is highly subsidized by the government.
Getting what you pay forUniversity of Virginia The Cavalier Daily

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