Gigantic State University Raises Tuition for the Purpose of Increasing

question 278

Multiple Choice

Gigantic State University raises tuition for the purpose of increasing its revenue so that more faculty can be hired. GSU is assuming that the demand for education at GSU is

• A)decreasing.
• B)relatively elastic.
• C)perfectly elastic.
• D)relatively inelastic.

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Definitions:

Decision Making

The process of selecting a course of action from several alternatives to achieve a desired outcome.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Obesity

A medical condition characterized by excessive body fat accumulation, which can have negative effects on health.

Adolescence

A phase of life marking the transition from childhood to adulthood, noted for considerable changes in body, mind, and social interaction.