You are an economist for a prestigious private university, and the Board of Trustees tasks you with determining how much a tuition increase would impact university enrollment for different types of students. The proposed tuition increase is 10%. The absolute value of the price elasticity of demand for legacy students, that is, students whose parents graduated from the university, is 0.15 and for nonlegacy students it is 0.33. The demand curve for legacy students is elastic than the demand curve for nonlegacy students. The rise in tuition would lower legacy student enrollment by %. O less; .33 0 more, .3 .3 O more; 1.5