Answer:
B. increase tuition in order to increase revenue
Explanation:
Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service. The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.
In the case of this faculty, the demand for courses is 0,91, so it's less than 1, therefore inelastic demand. This way, the college can maximize its revenue by increasing the tuition fee.
Pavlovian Conditioning, because it is off of Pavlov's dogs, who discovered that creatures can associate things subconsciously with other things (such as having a bad meal on a first date, you may now associate moldy food with that person).
<span>The answer
to this question is that Thomas should conduct “Secondary Data Analysis”.</span>
<span>Secondary
Data Analysis involves the use existing data of a previous study in order to
pursue another research which is different from that previous study. In this
case, Thomas is going to use the Baltimore City Data for understanding the
trend.</span>
<span>The cookies served as conditioned stimulus.</span>
The answer to your question is a
