A University Conducts a Survey of Students, Which Shows That

question 16

Multiple Choice

A university conducts a survey of students, which shows that a 10 per cent tuition fee hike would lead to a 12 per cent decrease in enrolments. If the university wants to increase its total revenue, it should _______ tuition fees because the demand for education at this university is _______.

• A) not raise; inelastic
• B) not raise; elastic
• C) raise; inelastic
• D) raise; elastic

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Definitions:

Media Player

A software application for playing back multimedia files such as videos, music, and digital images.

MP3 Audio File

A digital audio format that uses a form of lossy data compression, making it a popular choice for storing music files and audio content.

Sound Card

An internal computer component that enables the processing and output of audio signals to speakers or headphones, enhancing the quality of sound.

Stand-Alone Player

A self-contained media player device or software that operates independently of other hardware or software.