Suppose an Analysis of the Possible Effects of Increases in University

question 117

Multiple Choice

Suppose an analysis of the possible effects of increases in university tuition fees predicts that a 10% increase in tuition fees will result in a 3% decline in enrolment.What is the implied price elasticity of demand for university attendance?

• A)0
• B)0.3
• C)3
• D)7
• E)10

---

Definitions:

Psychological Problems

Difficulties or disorders related to mental health, impacting thoughts, emotions, behaviors, and overall well-being.

Single Mothers

Women who are raising their children without the involvement of the children's biological father due to various circumstances, including choice, divorce, or widowhood.

LGBT Parents

Individuals identifying as lesbian, gay, bisexual, or transgender who are raising one or more children as parents.

Foster Situations

Scenarios where children are placed in temporary care situations apart from their biological family due to various reasons including safety and welfare.