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14. If the UC and CSU California universities raised their annual tuition prices to a $50,000 flat fee for all undergraduate students, then we might

14. If the UC and CSU California universities raised their annual tuition prices to a $50,000

flat fee for all undergraduate students, then we might see an large increase in enrollment in

the U.S. military, which typically pays the full cost of a higher education. What might the

Cross-Price elasticity be and would these be complementary or substitute goods?

A) These are substitute goods and the cross-price elasticity could be +0.50

B) These are substitute goods and the cross-price elasticity could be -0.50

C) These are complementary goods and the cross-price elasticity could be +0.50

D) These are complementary goods that's it

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