1. Consider a recommendation by a college's admissions director, Susan Hansen, to raise tuition and reduce the financial aid that their students receive. At the outset, Susan is challenging the Law of Demand and working under the assumption that this law does not apply to education, do you agree? Explain.

2. Review and determine if her recommendations are to simultaneously increase tuition and decrease financial aid is making her case based upon some faulty assumptions.

3. Which is the potential of an or multiple omitted variables in her analysis that are leading her to this recommendation. Explain