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What must be true about the price elasticity of demand of students for college attendance in order for (a) not only to increase enrollment, but

  1. What must be true about the price elasticity of demand of students for college attendance in order for (a) not only to increase enrollment, but also increase tuition revenue? Explain why
  2. What if lots of other colleges join the parade and do the same thing? Provide a written and graphic analysis.

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