Refer to Graph #3 on the corresponding quiz worksheet. If the current tuition rate is $60 per credit hour, what happens to total revenue if OCC raises its tuition rate by 10%?

Question 13 options:

It decreases

The answer cannot be determined with the information given.

It increases

It stays the same

Question 14(10 points)

Refer to graph #3. If the current tuition rate is $180 per credit hour, what happens to total revenue if OCC increases its tuition rate by 10%?

Question 14 options:

It increases.

It doesn't change.

There is not enough information to answer this question.

It decreases.