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A comment on How Harvard Gets its Best and Brightest. Parent comment

Re:How Harvard Gets its Best and Brightest by jacoblyles on Sunday February 15, 2009 @01:17PM (#482139)
Most people don't go to a good college and most people don't take it seriously. More than half of college students drop out without attaining a degree.

The excess demand created by these non-serious people going to college has a lot to do with cost inflation.

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Re:How Harvard Gets its Best and Brightest by curiousgeorge on Sunday February 15, 2009 @08:38PM (#482557)
Price curves generally run the other way. More demand means lower price.
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Re:How Harvard Gets its Best and Brightest by jacoblyles on Sunday February 15, 2009 @10:24PM (#482640)
In the short run, supply is inelastic; the supply curve is vertical.
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