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When Pester University,with an Annual Enrollment of 3,600 Students,raised Its

Question 36

Multiple Choice

When Pester University,with an annual enrollment of 3,600 students,raised its tuition from $18,000 to $19,500,its enrollment fell by 200 students.What is the school's arc elasticity of demand?


A) 0.13
B) 0.67
C) 0.71
D) 1.4
E) 1.5

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