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Suppose an Analysis of the Possible Effects of Increases in University

Question 22

Multiple Choice

Suppose an analysis of the possible effects of increases in university tuition fees predicts that a 10% increase in tuition fees will result in a 3% decline in enrolment.What is the implied price elasticity of demand for university attendance?


A) 10
B) 7
C) 0
D) 0.3
E) 3

Correct Answer:

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