Facing Stiff Competition, Hendrix College, a Small Liberal Arts Institution

Multiple Choice

Facing stiff competition, Hendrix College, a small liberal arts institution in the U.S., decided two years ago to bolster its academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. Although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. Based on the information above, the demand for Hendrix College education

A) cannot be defined without further information.
B) is perfectly price elastic.
C) is unit price elastic.
D) is relatively price inelastic.