Consider the statement: "When the British government tripled university fees for foreign students in Great Britain (300% price increase), about one-half of them left to study in other countries (50% decrease in quantity demanded)." The implied price elasticity of demand by foreigners for a British education is (in absolute value)

Group of answer choices:

A. equal to 1.

B. Equal to 0.50

C. Equal to 0.167

D. Equal to 3.0

E. Very close to zero