If the price of tuition fell to zero, how would the law of supply and demand come into play?

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asked Dec 3, 2022 117k views

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Sundar R · Answer 1 · 2022-12-09T18:10:16+0000

Answer:

When economists talk about supply, they mean the amount of some good or service a producer is willing to supply at each price. ... An increase in price almost always leads to an increase in the quantity supplied of that good or service, while a decrease in price will decrease the quantity supplied.

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If the price of tuition fell to zero, how would the law of supply and demand come into play?

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