Suppose an Analysis of the Possible Effects of Increases in University

question 22

Multiple Choice

Suppose an analysis of the possible effects of increases in university tuition fees predicts that a 10% increase in tuition fees will result in a 3% decline in enrolment.What is the implied price elasticity of demand for university attendance?

• A)10
• B)7
• C)0
• D)0.3
• E)3

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