A Private School Is Considering Increasing Its Tuition to Raise

question 123

Multiple Choice

A private school is considering increasing its tuition to raise revenue.If the school believes that raising tuition will increase revenue,

• A)it is assuming that the demand for attending the school is inelastic.
• B)it is assuming that the demand for attending the school is elastic.
• C)it is assuming that the demand for attending the school is unit-elastic.
• D)it is assuming that the demand for attending the school is perfectly elastic.

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Definitions:

Stressor

A chemical or biological agent, environmental condition, external stimulus, or an event that causes stress to an organism.

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument, often seen in contexts of physical training or disease treatment.

General Adaptation Syndrome

A three-stage response model that the body follows in reaction to stress, comprising alarm, resistance, and exhaustion phases.

Organism's Resources

The natural or acquired abilities, qualities, and assets that an organism possesses and utilizes for survival and adaptation.