You recently came across the following headlines: i. Private schools cut tuition and fail to reach enrollment
Question:
You recently came across the following headlines:
i. “Private schools cut tuition and fail to reach enrollment goals”
ii. “University of California raises tuition on out-of-state students, still at capacity”
What does each statement say about the elasticity of demand for university tuition? Is each statement consistent with what you learned about the factors that determine elasticity?
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i Private schools cut tuition and fail to reach enrollment goals This statement suggests that the demand for tuition at private schools is relatively ...View the full answer
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