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Author Question: If the university administration plans to hike tuition charges in the hope of increasing tuition ... (Read 234 times)

codyclark

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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


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ciecieme

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


codyclark

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Reply #2 on: Jun 29, 2018
Thank you :)


ciecieme

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Reply #3 on: Jun 29, 2018
Happy to help you


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