Question

question 15 0/1 pts which of the following will not lead to a decrease in the demand for a college education, assuming college education is a normal good? an increase in the wage for trades jobs (electrician, plumber, etc.) an overall decrease in income an increase in the price of a college education a rising tendency for employers to hire candidates without degrees

Explanation:

1. For a normal good like college - education:

• An increase in the wage for trades jobs provides an alternative to college - educated jobs, which may decrease the demand for college education as people may choose trades instead.
• An overall decrease in income reduces the ability to afford college education, thus decreasing demand.
• A rising tendency for employers to hire candidates without degrees reduces the perceived value of a college education, decreasing demand.
• An increase in the price of a college education leads to a movement along the demand curve (contraction of demand), not a decrease in demand (shift of the demand curve). The law of demand states that as price increases, quantity demanded decreases, but this is not the same as a decrease in demand which is caused by non - price factors.

Answer:

an increase in the price of a college education