Question: 1 A) An increase in the per-credit-hour fee for an online course from $500 to $550 causes the quantity demanded to drop by 5%. What

    • 1 A) An increase in the per-credit-hour fee for an online course from $500 to $550 causes the quantity demanded to drop by 5%. What is the price elasticity of demand for this course? Show your work B) In this region of the demand curve, is the demand elastic or inelastic? Explain.




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