You recently came across the following headlines: i. Private schools cut tuition and fail to reach enrollment

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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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Microeconomics

ISBN: 9781319245283

6th Edition

Authors: Paul Krugman Robin Wells

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