If the university administration plans to cut tuition charges in ...

[soccerdreamer_17]

If the university administration plans to cut tuition charges in the hope of attracting more students and thereby 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

Under earnings-sharing regulation, if a firm's profits ________ above a certain level, they must be shared with the firm's ________.
 
  A) rise; customers
  B) fall; customers
  C) rise; suppliers
  D) fall; suppliers
  E) rise; competitors

[qytan]

Answer to Question 1

A

Answer to Question 2

A

[soccerdreamer_17]

Excellent

[amandalm]

Thanks for the timely response, appreciate it