A Decrease in Tuition Fees Will Decrease the University's Total

question 32

Multiple Choice

A decrease in tuition fees will decrease the university's total revenue if the price elasticity of demand for university education is

• A)negative.
• B)greater than zero but less than 1.
• C)equal to 1.
• D)greater than 1.
• E)less than the elasticity of supply.

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