Question

1. In College , the tuition fee for the domestic (Canadian) students is $300.00 per credit for the University Transfer and Associate Degree courses, while the tuition fee for the international students is $500.00 per credit Yet most students at the college are the international students. Explain why. For your explanation,
   1. Draw the demand and supply diagrams for two markets, (1) domestic students and (2) international students, that show the difference.

2. Explain, in words, WHY the demand (or supply) is greater in one market than in the other.

Answer 1

a) the fees are high for the international student here because there demand curve for the degree is much steeper than the canadian students here.

b) the demand is greater in one market than others as mentioned in the question above . there could be various reasons associated with that.

1) may be the degree offored in the foreign market is much more costlier than canada and the international students find it cheaper to study there.

2) another reason could be the faculties,coursrs offored and the quality of the study that attracts most of the international students.

3) another reason could be the convenience of the students, may be they are getting the best accomodation or best job opportunities are offored after you pass the college from there that is attracting the students and so on.