You have been hired as intern in the President's office of Paul Quinn College. Assume that Prez is considering raising tuition in the hopes of increasing the college's revenues. You have been assigned the task of preparing and presenting a report on the likely success of this plan at an upcoming staff meeting. Write a one page report in which you identify whether the college revenues are likely to increase or decrease as a result of the possible increase in tuition and explain why you have arrived at your conclusion. Note: If your answer does not apply the concept of elasticity to what Prez is thinking about, then you're "walking" down a dead end. Turn around