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Author Question: Suppose an analysis of the possible effects of increases in university tuition fees predicts that a ... (Read 51 times)

bryantpr01

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on: Oct 12, 2022
Suppose an analysis of the possible effects of increases in university tuition fees predicts that a 10% increase in tuition fees will result in a 3% decline in enrolment. Given the information this provides about price elasticity of demand, what is the predicted effect on total expenditure on tuition fees?
◦ Total expenditure will decrease by 3%.
◦ Total expenditure will remain constant.
◦ Total expenditure will decrease by 7%.
◦ Total expenditure will decrease.
◦ Total expenditure will increase.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bryantpr01 on Oct 12, 2022

bball_babe_123

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bryantpr01

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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