Multiple Choice
If Education R Us University thought that it faced an inelastic demand for the regular academic year but an elastic demand for summer school, and it wanted to increase its total tuition revenue, it would want to____ tuition in the regular academic year and ____ tuition for summer school
A) Increase; increase.
B) Increase; decrease.
C) Decrease; increase.
D) Decrease, decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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