Get Smart University Is Contemplating an Increase in Tuition to Enhance

question 143

Multiple Choice

Get Smart University is contemplating an increase in tuition to enhance revenue.If GSU feels that raising tuition would enhance revenue,it is

• A)ignoring the law of demand.
• B)assuming that the demand for university education is elastic.
• C)assuming that the demand for university education is inelastic.
• D)assuming that the supply of university education is elastic.

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Definitions:

Polydactylism

A genetic variation resulting in more than the usual number of fingers or toes on the hands or feet, respectively.

Tay-Sachs Disease

A genetic disorder that destroys nerve cells in the brain and spinal cord progressively due to the absence of a vital enzyme, leading to severe neurological disability and death.

Genetic Drift

Refers to the random fluctuations in the frequency of alleles within a population over time, not due to natural selection.

Sympatric Speciation

Speciation pattern in which speciation occurs within a population, in the absence of a physical barrier to gene flow.