Colleges Are Able to Practice Price Discrimination by Separating Their

question 60

Essay

Colleges are able to practice price discrimination by separating their students into distinct income groups using the Free Application for Federal Student Aid (FAFSA)and by offering a two-tiered pricing structure based on residency.Based on what we know about price elasticity of demand,what is generally true about these distinct groups?

---

Definitions:

Caught

Caught refers to the action of handling an exception or error that occurs during the execution of a program, typically within a try-catch block.

Exception

An event, typically an error or unexpected result, that disrupts the normal flow of a program's execution, often leading to the invocation of a catch block if handled properly.

Exception Class

A type of class in object-oriented programming that is used to handle or represent errors and other exceptional events that occur during program execution.

Inheritance

A fundamental concept in object-oriented programming, allowing a class (subclass) to inherit properties and methods from another class (superclass), promoting reusability.