The Bennett Hypothesis predicts that when the federal government incre.pdf
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The Bennett Hypothesis predicts that when the federal government increases financial aid (such as by increasing Pell Grants for students), colleges and universities will increase the prices they charge for tuition. Sketch and label a supply/demand graph where the market is a four-year undergraduate degree to explain why this might happen. Please draw two pictures, one after increases in financial aid and the other one after colleges and universities increase the prices they charge for tuition..
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