Part 1 (1 point) 0 See Hint A private university charges the same tultion for both in-state and out-of-state students, and it notices that in-state and out-of-state students seem to respond differently to tuition changes. The quantity demanded for in-state and out-of-state students at different tuition levels is provided below Tuition (in-state applicants)(out-of-state applicants) 6,000 5,000 4,000 3,000 12,000 9,000 6,000 3,000 $15,000 $20,000 As the price of tuition rises from $10000 to $15000, the price elasticity of demand for tuition for out-of-state applicantsis than it is for in-state applicants. elastic e A more K 12/14 ) VIEW SOLUTION 02/04/19 Choose one: e A more O B. less Part 2 (2 points) at is the in-state elasticity and the out-of-state elasticity? Give your answer to two decimals In state: l Out of state: 1st attempt