Supply and Demand
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Using the principles of supply and demand, develop a plan to alleviate the shortage of Math and Science teachers within this country. Try to use price and non-price determinants as your tools to reach equilibrium. Defend your position using economic principles.
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There are a few ways one can alleviate the shortage of Math and Science teachers within this country:
1. Increasing Supply: The supply of teachers can be increased by one or more of the following ways:
a) Provide higher compensation for Math and Science teachers. It is a well known fact that teachers are not paid a huge salary. By providing more financial incentives to teachers, more ...
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