Colleges have increasingly used price sensitivity to formulate financial aid. The more eager the student, the less
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Colleges have increasingly used price sensitivity to formulate financial aid. The more eager the student, the less aid he or she can expect to get. Use elasticity to explain this phenomenon. Is this practice justified?
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The use of price sensitivity in formulating financial aid can be explained through the concept of price elasticity of demand Elasticity measures the r...View the full answer
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