1. The price elasticity of demand for a higher education is about 1.4%. A 5% interest increase in tuition would lead to a decrease enrollment by -%?

2. Suppose we observe that as a firm increases its price its total revenue decreases. What does this imply?

3. If the demand for PE uniform is inelasticduring Sports Mimetics , an increase in price will result in?

4. Suppose in a month the price of vit.c increases from P4 to P5. At the same time, the qty. demanded decreasesfrom 200 to 190. The price elasticity of demand for vit. C is:( Use mid pt. formula)

5. Suppose in a month the price of vit.c increases from P4 to P5. At the same time, the qty. demanded decreasesfrom 200 to 190. The price elasticity of demand for vit. C is:( Use mid pt. formula)