Demand for prestige college education is generally considered to be highly inelastic. What does this suggest about

Question:

Demand for “prestige” college education is generally considered to be highly inelastic. What does this suggest about tuition increases at prestige schools in the future?

Why don’t colleges raise tuition by amounts even greater than they already do?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

Question Posted: