This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the university administration plans to hike tuition charges in the hope of increasing tuition ... (Read 128 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If the university administration plans to hike tuition charges in the hope of increasing tuition revenues, we know
 
  A) they are assuming an elastic demand.
  B) they are assuming an inelastic demand.
  C) they cannot succeed because of the law of demand.
  D) they must be running in the red.
  E) they will only succeed if more students can be enrolled at no cost.

Question 2

If the sellers of a good are taxed for each unit sold, ________.
 
  A) the price that buyers need to pay falls
  B) a larger quantity of the good is sold
  C) the price that sellers receive increases
  D) a smaller quantity of the good is sold


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


codyclark

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Thank you :)


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Traditional animal phylogeny based on body plans. Traditional animal phylogeny based on body plans.
GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Nasal drug administration Nasal drug administration
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Increasing/decreasing Functions Increasing/decreasing Functions
Video: Transferring genes into plants Animation

For a complete list of videos, visit our video library