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Author Question: The price elasticity of demand for higher education is about 1.4. A 5% increase in tuition would lead to: (Read 35 times)

ss2343

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The price elasticity of demand for higher education is about 1.4. A 5% increase in tuition would lead to:
◦ a decrease in enrollment by 7%.
◦ a decrease in enrollment by 6.4%.
◦ a decrease in enrollment by 3.6%.
◦ a decrease in enrollment by 2.8%.


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Marked as best answer by ss2343 on Jul 20, 2019

jjorrostieta

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ss2343

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Reply 2 on: Jul 20, 2019
Thanks for the timely response, appreciate it


Missbam101

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Reply 3 on: Yesterday
:D TYSM

 

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