education is not a commodity in the same sense as corn and it’s much more of an inelastic good than corn the difference between 50k in tuition and expenses an

education is not a commodity in the same sense as corn and it’s much more of an inelastic good than corn the difference between 50k in tuition and expenses and 55k will not change demand a meaningful amount, and universities exploit the fact that education is inelastic and the money is coming from a guaranteed source regardless of the student’s ability to pay upfront.