Suppose an Analysis of the Possible Effects of Increases in University

question 117

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)0
• B)0.3
• C)3
• D)7
• E)10

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Definitions:

Anterograde Amnesia

A condition that prevents an individual from forming new memories after the onset of the amnesia.

Retrograde Amnesia

A loss of memory-access to events that occurred or information that was acquired before an injury or the onset of a disease.

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting a person's daily functioning.

Anterograde Amnesia

A condition characterized by the inability to form new memories following the onset of amnesia, whilst memories from before the event remain intact.