If Education R Us University Thought That It Faced an Inelastic

question 75

Multiple Choice

If Education R Us University thought that it faced an inelastic demand for the regular academic year but an elastic demand for summer school, and it wanted to increase its total tuition revenue, it would want to____ tuition in the regular academic year and ____ tuition for summer school

• A)​Increase; increase.
• B)​Increase; decrease.
• C)​Decrease; increase.
• D)​Decrease, decrease.

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Definitions:

Alcohol Dependence

A health disorder defined by the diminished capacity to cease or regulate consumption of alcohol, notwithstanding negative impacts on social interactions, work, or physical well-being.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Substance Related Costs

Financial, social, and health-related expenses incurred due to the use and abuse of drugs and alcohol.