If the Quantity of Higher Education Demanded Rises by 5

question 72

Multiple Choice

If the quantity of higher education demanded rises by 5 percent when incomes rise by 10 percent,

• A)higher education is a normal good
• B)higher education is an inferior good
• C)the demand for higher education is price elastic
• D)the law of demand applies to higher education
• E)the demand for higher education is price inelastic

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