Suppose the president of a college argues that a 25 percent ...

[debasdf]

Suppose the president of a college argues that a 25 percent tuition increase will raise revenues for the college. It can be concluded that the president thinks that demand to attend this college is:
 a. elastic.
  b. inelastic, but not perfectly inelastic.
  c. unitary elastic.
  d. perfectly elastic.

Question 2

Along the elastic range of a demand curve, a price change causes:
 a. a change in total revenue in the opposite direction.
  b. a change in total revenue in the same direction.
  c. no change in total revenue.
  d. an unpredictable change in the total revenue.

[s.meritte]

Answer to Question 1

b

Answer to Question 2

a