A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls from 4,877

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A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls from 4,877 to 4,705. Compute the price elasticity of demand. Is demand for the college elastic or inelastic?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:37 AM

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A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls from 4,877

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Economics

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