A University Conducts a Survey of Students, Which Shows That

Multiple Choice

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the enrollment. If the university wants to increase its total revenue, it should ________ tuition because the demand for education at this university is ________.

A) raise; elastic
B) not raise; elastic
C) raise; inelastic
D) not raise; inelastic