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(solution) Economics Assignment

Added on - 28 May 2020

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Running Head: ECONOMIC ASSIGNMENTEconomic AssignmentName of the StudentName of the UniversityAuthor note
ECONOMIC ASSIGNMENT1Table of ContentsAnswer 1..........................................................................................................................................2Answer 2..........................................................................................................................................3Answer 3..........................................................................................................................................4Answer 4..........................................................................................................................................6Answer a......................................................................................................................................6Answer b......................................................................................................................................6Answer c......................................................................................................................................7References........................................................................................................................................8
ECONOMIC ASSIGNMENT2Answer 1Figure 1: Impact on international student enrollment at CDU(Source: as created by Author)In addition to domestic students, several student coming from abroad take admission inAustralian universities. Charles Darwin University compete with other Australian universities.Now, when competing universities open their campus in Asian countries then Asian students getopportunities to study in Australian universities staying in their home country the frequency ofAsian students coming in Australia will be reduced. This will affect the demand of internationalstudents in Charles Darwin universities. More specifically, their international student demandwill be reduced (Kolmar 2017). The effect on student’s demand and consequent effect onenrollment and fees structure are described in figure 1.In figure 1, the international student demand in CDU is given by the downward slopingcurve DD. The corresponding supply of education service is presented with the positively slopedcurve NN. The market equilibrium is at point E. S1number of students are enrolled with fees of
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