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Based on research studies, the <u>actor-observer effect</u> states that people tend to make situational attributions for their behavior while making dispositional attributions for identical behaviors of others.
<h3>What is Actor-observer Effect?</h3>
<u>Actor-observer Effect</u> is a phenomenon that is used to describe the propensity of individuals to associate their actions to external reasons while associating other people's behaviors to internal reasons.
<h3>Effect of Actor-observer Effect</h3>
Generally, Actor-observer Effect has been found to have the following adverse effects:
- Misunderstandings
- Arguments
- Blame
- Conflicts, etc.
Hence, in this case, it is concluded that the correct answer is <u>Actor-observer Effect</u>
Learn more about Actor-observer Effect here: brainly.com/question/16514897
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.
