Opera Estate Girls' School is considering increasing its tuition ...

[ericka1]

Opera Estate Girls' School is considering increasing its tuition to raise revenue. If the school believes that raising tuition will increase revenue it is assuming that the demand for attending the school is
 
  A) perfectly elastic. B) unit elastic. C) inelastic. D) elastic.

Question 2

When a recession ends,
 
  A) the household sector decreases spending substantially.
  B) interest rates decrease.
  C) households decrease spending on durable goods.
  D) firms increase the amount of borrowing.

[brittrenee]

Answer to Question 1

C

Answer to Question 2

D