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?

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Definitions:

Persuasion

The act of convincing someone to do or believe something through reasoning or the use of emotional appeal.

Deductive Approach

A method of reasoning from the general to the specific, where conclusions follow logically from the premises given.

Unsolicited Sales Message

A marketing message or advertisement sent without the recipient's prior request or consent, often perceived as intrusive or spam.

Attention-Getter

A technique used to capture the audience's interest at the beginning of a communication.