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:

Spontaneous Recovery

The reemergence of a previously extinguished conditioned response after a pause.

Classical Conditioning

A teaching process in which two stimuli are repetitively paired; a response first initiated by the second stimulus eventually becomes initiated by the first stimulus alone.

Tone

In linguistics, the quality of a sound, especially in speech, that expresses a particular meaning or emotion; in music, the specific quality or pitch of a sound.

Airpuff

A burst of air directed towards a specific target, often used in psychological experiments to study blink reflexes or other sensory responses.