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Author Question: A demand curve that is the shape of a rectangular hyperbola (Read 21 times)

gboileau

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on: Oct 12, 2022

Question 1

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. What is the implied price elasticity of demand for university attendance?
◦ 0
◦ 7
◦ 0.3
◦ 3
◦ 10

Question 2

A demand curve that is the shape of a rectangular hyperbola
◦ has the same elasticity as a straight-line demand curve.
◦ has an elasticity of 100% over the whole curve.
◦ is inelastic over the whole curve.
◦ is elastic over the whole curve.
◦ is unit elastic over the whole curve.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by gboileau on Oct 12, 2022

mgranuc

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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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gboileau

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

sultana.d

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

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