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2. Suppose the price elasticity of demand for education at a certain university is 1.40. The university decides to increase its tuition from $4,000 to

2. Suppose the price elasticity of demand for education at a certain university is 1.40. The university decides to increase its tuition from $4,000 to $4,400 per semester. Predict the resulting decrease in enrollment at the university. ANS

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