The first part gives the definition of education demand and supply and poses the common questions existed during the procedure in reaching equilibrium of education demand and supply.

第一部分对教育供给和教育需求两个概念进行了界定，并提出实现教育供求均衡存在的一般问题。

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If we abolish tenure, the new market equilibrium would result in higher average salaries, thus further increasing the cost of education.

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Unfortunately, the Obama Adminstration is gravitating towards more cronyism in higher education, driving us further from market equilibrium.

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