Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Assuming that state funding for the universities is held constant, what condition will prevail if tuition is held below equilibrium price? Will education really be "equally accessible" under these conditions?
What will be an ideal response?
If tuition is held below the equilibrium price there will be more people who want to attend state universities than the university system can successfully educate. This will mean that the universities will have to "ration" admission by raising admission standards so that some students who did not have the best high school grades won't get college educations. It will also mean that class sizes at the state universities will be larger, students will not be able to be admitted to some of the classes they want to take, etc.
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