In company towns, most services (housing, education, etc.) were provided by the employer for the workers. This meant that the workers depended on the company for the fulfillment of all their basic needs.
If the company disliked the idea of the workers joining a union, as they often did, then they had several means to pressure workers into compliance. They could raise rents or evict them from their homes, for example. This monopoly put workers in a tough situation, and discouraged them from joining unions.
No, there can be no equality if there is separation. Take for example segregation, where African Americans were separated from whites in public facilities like schools and restaurants. The two groups of people did not receive equal treatment, and therefore there was no true equality.
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.
