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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