"When the British Government Tripled University Fees for Foreign Students

question 47

Multiple Choice

"When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries."
-The implied price elasticity of demand by foreigners for a British education is (in absolute value)

• A) less than 1.
• B) equal to 1.
• C) between 1.0 and 1.5.
• D) greater than 1.5.

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Definitions:

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The specified location where goods are to be delivered as per the terms of a contract.

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