ASSIGNMENT 04C13 Microeconomics APA format. Your response should be four (4) double spaced pages; refer to the “Assignment Format” page located on the Course Home page for specificformat requirements.Part APoliticians are often heard saying that tuition at state universities should be kept low “to make educationequally accessible to all residents of the state, regardless of income.”1. Assuming that state funding for the universities is held constant, describe the conditions that willprevail if tuition is held below equilibrium price. Provide one (1) example to support yourresponse.2. Will education really be “equally accessible” under these conditions? Provide one (1) example tosupport your response.Part BUsing the Internet, research the influenza vaccine, or “flu shot.” Use the following to guide yourresearch:a. Think about the flu shot in the context of a public good.b. What are the economic benefits of the flu shot?c. In what ways has the government become involved in the distribution of flu shots? For whatreasons?1. Describe one (1) reason why the private market for flu vaccinations would produce an inefficientoutcome.2. Describe one (1) way that government involvement could achieve an efficient quantity ofvaccinations.3. Provide one (1) original example for each of the following:a. a private goodb. a public good.Grading RubricPlease refer to the rubric on the following page for the grading criteria for this assignment.
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