Get Smart University (GSU) Is Contemplating Increasing Tuition to Enhance

question 120

Multiple Choice

Get Smart University (GSU) is contemplating increasing tuition to enhance revenue.If GSU feels that raising tuition would enhance revenue they are:

• A)necessarily ignoring the law of demand
• B)assuming that the demand for university education is elastic
• C)assuming that the supply of university education is elastic
• D)assuming that the demand for university education is inelastic

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