Suppose That College Tuition Is Higher This Year Than Last

question 91

Multiple Choice

Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that:

• A) the law of demand is invalid.
• B) despite the increase in price, quantity demanded rose due to some other factor changing.
• C) this situation has nothing to do with the law of demand.
• D) the demand for a college education is positively sloped.

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Definitions:

Emotionality

The quality or state of being emotional; the capacity to experience or express emotions.

Self-Awareness

The awareness of one’s own personality, emotions, motivations, and wishes.

Self-awareness

Understanding oneself, including one's emotions, motivations, and wants.

Discount

In psychology, reducing the value or importance of someone else's opinions or achievements, often due to personal bias or judgment; in commerce, a reduction from the full price.