A Well-Known Women's College Whose Tuition Lagged Below Similar Schools

Multiple Choice

A well-known women's college whose tuition lagged below similar schools found recruiting difficult and enrollment falling.A substantial tuition increase was implemented, and dormitories were soon full again.This can be explained by

A) the law of demand.
B) the fact that education at the school was an inferior good.
C) the fact that people sometimes base perceptions of quality on price (snob effect) .
D) elastic demand.