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Get Smart University Is Contemplating an Increase in Tuition to Enhance

Question 23

Multiple Choice

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


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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