Many administrators argue that, to increase revenue to LSUS to cover budget shortfalls, tuition should be raised. The two elasticity estimates calculated here (averages from 1992-2022) suggest that Select one: O a. raising tuition will increase headcount and credit hour production, since the elasticities are unexpectedly negative. O b. raising tuition may be a good idea. Headcount appears to be inelastic so a higher tuition may decrease headcount but not by much; and credit hours have been increasing even as tuition has been increasing. O c. tuition should be decreased to increase headcount, but increased to decrease credit hour production since its elasticity average was smaller. The effect on LSUS' budget will depend on whether it is more affected by headcount or credit hours. O d. price should actually be lowered to increase revenue, not raised, since both elasticity averages are negative, reflecting the law of demand